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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.28

-0.9%

Dec 1 4:00 PM EST

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To: lorne who wrote (31555)	4/11/1999 11:53:00 PM
From: long-gone	Read Replies (1) of 116791

All, Don't you get it? rate of increase of gold eagle sales was 4.25% 1Q99 over 4Q98(and this was under rationing)! If this rate of growth remains just flat, in only gold Eagles the 5 million oz of threatened IMF gold sales would equal around 1.67 years worth of demand... near every Eagle is sold in the US. Demand is reaching a point it can suck up that measly 5 mil oz in no time flat!!!!! Gold Eagle demand is a very small part of total gold demand world wide!!!!!!!

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