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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (36751)	7/7/1999 8:39:00 PM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 116752

"I would like to take a moment to comment on how strange the gold market has become. Yesterday, Reuter's must have had 30 stories on the British gold auction over the course of the day. CNN must have talked about it (and quite foolishly I might add) at least 10 times. I fail to understand how a sale of only $210 million dollars in value justifies this type of coverage. I fail to understand how the sale of just 25 tons of gold (total world production of 4,123 tons), which computes to a .006% increase in world supply justifies this level of press coverage. I was struck today by the comparison of the drop in a stock named Waste Management who's stock price decline created a $10 Billion dollar loss in market capitalization. Something seems wrong here." From Leonard Kaplan, Chief Bullion Dealer, LFG