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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: Zardoz who wrote (24785)	12/22/1998 7:50:00 PM
From: Jimsy	Read Replies (3) of 116762

Hutch - one more day of the XAU heading south, which basically means all the analysts are sizing up the outlook for gold and staying away for now, wary of what the introduction of the EURO will do and whether there will be some more gold inventory dumped. If the EURO is successful, I think they might dump gold bigtime. The danger with that is that with the price of oil down and Asia still in a mess, who's going to buy up the gold?

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