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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Mark Bartlett who wrote (30711)	3/26/1999 2:43:00 PM
From: Zardoz	Read Replies (2) of 116796

Mark:"gold is being held down..." Spare me the idolisation that gold is being kept down. Anyone looking at this chart would suggest that gold is being kept up in New York trading at a higher level then where it should be. kitco.ca Constantly it closes lower in London trading only to gain back most or all of it's losses in New York. So who and where is it being kept down. In Canada our PM today said that he'd support the selling of IMF gold: biz.yahoo.com 'We propose that up to 10 million ounces from IMF stocks be sold in order to allow the IMF to participate in a broader initiative to assist heavily-indebted poor countries,'' Chretien "Has there suddenly been more of all of these things in the last 48 hours to warrant a 3+ dollar drop in the price of gold today?" YES washingtonpost.com "Today, Russia is practically begging to get back into the International Monetary Fund lending program. It has been all but closed off from borrowing new capital on global markets, and many analysts think it will default on some of its existing external debt." Gold has been going down for the last few weeks based upon this. As Russia has very little to pay with but gold. Even their precious jewels are on the blocks. Have you seen diamonds prices lately? Buy turning on your radio, and using it as your only source, you won't get all the info you need. And I was patronizing your answers. I thought it was good for one possible answer, as was Scotty's. But neither took in to account why the Dollar was going up, and why the Euro and YEN both went down. So they are both only part of the answer. It's the cashflow from these countries that the POG is reflecting; not war, greed or manipulation.

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