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Gold/Mining/Energy : Gold Price Monitor

GDXJ 127.15

+0.4%

4:00 PM EST

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To: GST who wrote (28583)	2/19/1999 4:44:00 PM
From: Ken Benes	Read Replies (1) of 116857

Targets or ranges set by central banks/countries are taken with a grain of sand and are generally short lived. It is the perception of markets that count. The disinflationary benefits to Europe and the US will probably preclude the movement of funds from equities/bonds to gold regardless of any proclamations from a Central Bank attempting to add a bit of stability to global markets. Should there ever be a move to gold, you can bet your bottom dollar it will result from a tangible threat to the trillions made in equities this past 15 years. Preservation of capital is the bottom line. Ken

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