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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: Bobby Yellin who wrote (32244)	4/20/1999 8:19:00 PM
From: lorne	Read Replies (3) of 116762

Hi Morgy Dog. Have you noticed how the attacks on gold have increased in the last month since the Yugoslavia thing. Seems all we hear now are the leaders of each IMF country taking there turn at announcing how they favor selling IMF gold spread out for greater effect. When gold still failed to drop they got the Swiss thing and when that did not have the desired affect they thought they would try the Australia thing again. If gold still fails to drop in price Clinton will have to say something to get it down at least until Yugoslavia is beaten into submission. IMO the would be world rulers can not allow the POG to rise during the war against Yugoslavia as this would indicate to the world that gold is still the place to be in a crisis. I think the longer this war goes on the lower will go the US$. If the IMF really wanted to help the poor they would want the POG higher I think its now pretty obvious what the intent of all these gold sales announcements are for. Think I'm losing it a bit to. Lorne

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