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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: goldsnow who wrote (34592)	5/28/1999 9:00:00 AM
From: pete meyer	Read Replies (1) of 116779

Seems a lot like the oil (10.00 P/B) situation of a few month ago when they said the storage capacity was to the rim. There is too much oil on the market.... well, things do change, in this case, what comes down ,will go up ... Eventually when demand out weighs production or when the powers to be want gold to go...well you know what will happen!Gold like silver has many commercial values and increasing all the time. When ( or if )it hits $ 2.50 I think the speculators will want a second look at this metal. There is the start of a very serious situation starting between India and Pakistan, if this should ( and has a good chance ) escalates into a full scale war buy ! buy ! gold ! this is an area with 40% of the worlds population who take the yellow metal seriously. They don't put their money in banks they wear it around their neck and fingers.

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