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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: E. Charters who wrote (21669)	10/15/1998 3:36:00 AM
From: Zardoz	Read Replies (2) of 116770

"Something is very strange in the market. The pressure downward on gold is political as it would make the world's largest economy look very weak if gold hits it true value, of between 700 and 1200 dollars an ounce." If this WAS true, you'd see the hedge funds jump on this, and cascade the gold market into the biggest of all short squeezes. Obviously you, and others are not valuing gold correctly? With a daily currency exchange exceeding 10 trillion dollars, surely some of that could migrate towards a gold as a currency. Yet it doesn't. So Let me ask YOU one question: How do you calculate the TRUE VALUE OF GOLD? A mathematical formula would be nice. PS: 70 Billion dollars is really small. Maybe most of those short positions are covered?

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