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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.68

+5.0%

Nov 10 4:00 PM EST

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To: Ken Benes who wrote (32792)	4/29/1999 11:08:00 AM
From: Alex	Read Replies (1) of 116753

Ken. I rarely reply to posts on this thread with opinions of my own, but this is not the first time that you have posted to me disparagingly. I was not aware that I was complaining, I merely post articles here, and if you took the time to read them you would find that they are both pro and con gold. It also would do me little good to look for congressional help, as I am Canadian. I, like most if not all, who post here, are perfectly well aware of hedging practices and their effect on the gold market. As for the gold overhang, one could say the same for U.S. dollars held off shore or keep hammering home the fact that there are more mutual funds than stocks in existence today. At least the gold was produced by the sweat of the brow and not at the whim of politicians or central bankers. It is very odd that the gold overhang can somehow be portrayed as a detriment to the pog while endless electronic entries of personal debt can be portrayed as meaningless to the markets or economic health. Even odder that intrinsic value can take a back seat to this debt machine in the minds of 'modern' investors, eeerrrr speculators.

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