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Gold/Mining/Energy : Gold Price Monitor

GDXJ 119.96

+2.0%

Dec 22 4:00 PM EST

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To: long-gone who wrote (26759)	1/22/1999 11:46:00 AM
From: donald martin	Read Replies (1) of 116820

<<manipulation ... against the law>> I don't see the manipulation in saying, "I might sell some gold." I don't see the manipulation in ACTUALLY selling gold. Try it. No one's gonna arrest ya. <<same regulators that allowed these manipulations can not prevent (the already begun) mergers which might in time result in only 3 suppliers of gold>> Again, I don't see the manipulation. Only that people have, for whatever reason, sold gold. That's their right, I figure. As far as their being only 3 suppliers of gold, consolidation and liquidation is a natural phenomena in any industry under fiscal pressure. Have you priced a Packard or a Nash lately? <<ownership of only one more ounce of gold...causes a move of millions of dollars an ounce>> I don't think we'll ever see that kind of price inelasticity in gold...but ya never know!!! :)

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