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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: teevee who wrote (30716)	3/26/1999 4:07:00 PM
From: Zardoz	Read Replies (4) of 116796

"It's blatantly obvious that the POG is being held up artificially high...In times of economic hardship(outside the USA) and war, gold held as "insurance" is sold to generate needed cash for things like food and bullets..." See, that I can agree with. Not neccesarily the $200, but a lot lower. Cost of production comes to mind. And the fact that hedger/producers are making 33%+ of their earnings from forward selling give credit to your comments. Why should the forward selling be so profitable? I think lower is coming. But first the correction in April {lead by Japan}

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