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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: C Hudson who wrote (21271)	10/9/1998 2:19:00 PM
From: Enigma	Read Replies (1) of 116753

CH - it becomes more and more apparent that $300 is a huge resistance point. Recently we seem to have seen gold act contrary to the Dow - which is what it always used to do - ditto gold stocks. Today seems to be a case in point. It will be interesting to see if Barrick makes a late rally before the market close - thought it is due for a correction. Sometimes it takes many attempts to breach a level and one has to hope that gold may eventually creep through almost unnoticed! Buying into conspiracy theories - one can't help wondering if gold around $300 is what the 'authorities' want - no run away panic for them? If there's any truth to that - it may take buying by China or Japan - in their own self interest - to break the back of it. The Polish buying was encouraging. These days so much information is withheld by goverments you don't have a clue to what's withheld from the public - hence the Fort Knox question which surfaces every few years. Government information and disinformation - in war and peace - there's a long history to it. And the media buys into it. E

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