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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: John Hunt who wrote (34668)	5/30/1999 1:14:00 PM
From: John Hunt	Read Replies (2) of 116764

Gold: Sending Out False Signals << In a recent article in Grant's Interest Rate Observer, "Old Money for a New Era (pdf. file)" refers extensively to our February '99 "Spin Meisters" article on conditions in the gold market. Since these appeared, the UK Treasury announced a multiple year sale of more than half of its gold reserves. The announcement broke the back of a promising rally in the gold shares and sent the metal back to retest multiple year lows. Since the UK news, many others have been suggesting, in various ways, the plausibility of gold price manipulation ... cont'd ... >> tocqueville.com

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