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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: tshane who wrote (33935)	5/14/1999 11:15:00 PM
From: bodie	Read Replies (3) of 116782

Hello Richard I have been reading the thread for about a week now. I am a novice (so please bear with me, if you don't want to respond, that's ok too). My understanding (in a nutshell) of the problem with gold is this: 1. There are a lot of "big guys" out there who have basically done the equivalent of shorting gold. 2. If the price goes up they will loose big time. 3. To keep the price down, they flood the market with gold whenever the price approaches $300. 4. If certain countries and the general public can be convinced that gold will become worthless, then the "big guys" will never have to cover. Questions 1. Are these assumptions correct? 2. How long do you think the market can be flooded, thus keeping the price artificially low? 3. With the T-bill interest rate rising, won't that give gold competition? Why buy gold, when you can get a higher return with T-bills. 4. And my last question, what would be a possible alternative to gold (not silver), if for instance the "big guys" have the ability to flood the market (with gold) keeping the price down for say the next two years, while inflation increases at a rate similar to today's rate? Thanks bodie

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