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Gold/Mining/Energy : Gold Price Monitor

GDXJ 127.15

+0.4%

4:00 PM EST

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To: Ken Benes who wrote (28582)	2/19/1999 2:48:00 PM
From: GST	Read Replies (2) of 116857

Ken--my take--no 'event' is going to happen, save one -- a decision to turn the pumps on global liquidity -- nothing new there -- but also a suggestion by one of the Europeans -- say France for example -- to have a presumed target for gold to reflect the expansive mood -- which would be a 'signal' to markets all around the world triggering short covering. From there the markets kick in. Frankly, I want to build a position and to do that I need the stocks to lag for a few days and then take off -- fireworks on the entertainment bill -- in my view.

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