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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

Jan 12 4:00 PM EST

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To: Ken Benes who wrote (28582)	2/19/1999 11:08:00 PM
From: GST	Read Replies (2) of 116853

Ken--<the specter of central bank selling continues to be taps for the gold market> this has been an ongoing problem, but will it continue? This is one area where there can be a political agenda to move gold up. Gold can be used to signal inflationary or deflationary expectations -- the world economy is badly in need of a whiff of inflation -- like smelling salts -- before it goes down for ten count. Sure, the rich guys club wants to own the world and can buy it up cheap with all the monkeying around of the past couple of years, but now it is time to wonder what it is all worth if we just spiral down. Gold is manipulated -- that has kept it down -- what might seem counter-intuitive is that maniplulation is what will now send it to $350 -- and the move will be sudden enough to cause gold stocks to double in a month -- that is my take.

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