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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

Nov 19 4:00 PM EST

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To: Don Green who wrote (22157)	10/23/1998 5:04:00 PM
From: Ron Struthers	Read Replies (1) of 116762

<<I think it was in 1994 the last time they were close together.>> Don, it was actually November 1996, platinum was selling for a mere $3 over gold at one point and I believe it briefly fell below gold a bit. Historically platinum has sold for a premium of around $100 over gold. This is because platinum is much rarer with 20 times more gold mined yearly than platinum. The other reason and a big plus for platinum is there is no huge supply from the central banks overhanging the market. Ron

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