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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: Serge Collins who wrote (20796)	10/6/1998 5:26:00 PM
From: Broken_Clock	Read Replies (1) of 116833

<<The reason central banks still have plenty is that they can't get rid of the stuff without destroying the price>> Good logic Serge... But if they know, like you and Don, that the price of gold is going to $150, why wait till then to sell? ...be the first on your block to get out. I guess those 4 CB directors aren't as smart as you and Don...they couldn't see this coming when gold was $800/oz. You don't suppose they looked at the Canada and Australia currencies crash after they sold their gold and had second thoughts do you? Then again, maybe having a worthless currency is a good thing in your world. But if it is, who's gonna buy that 6 trillion US$ debt if it's backed by a worthless currency?

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