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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: teevee who wrote (33499)	5/9/1999 12:31:00 PM
From: Lalit Jain	Read Replies (1) of 116764

Teevee, So you agree that the POG is being manipulated. The CBs have to buy the physical to cover their leased amounts. IMO, by now the CBs have leased out most of their gold reserves. If the there is a massive demand for the physical we may see some of the smaller banks in trouble. I recently tried to buy some of the physical stuff, and the bank was persuading me to just buy the gold certificates. Why not ? they just don't have the physical anymore ! BTW, In 1982, I was probably investing in oils, real estate etc, watched a lot of hockey and football. I was out of gold by then. Why do you ask ? regards, Lalit Jain

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