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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: Doug Green who wrote (32885)	4/29/1999 10:05:00 PM
From: Bill Murphy	Read Replies (1) of 116762

Doug, Then the inevitable disaster will just me that much worse because the essence of it all is very simple- mine supply is about 2529 tonnes and gold demand is over 4100 tonnes. Economics says that the price must rise so that there can be some kind of reasonable equilibrium price. The longer they keep the price of gold down, the more it is being rationed off at too cheap a price. Ying means Yang. Thus the longer it stays down, the bigger the move up. Congress would be insane to let the disaster get bigger for our children. Anyway, that sounds good to me. Good nite. Bill

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