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

To: d:oug who wrote (40090)	9/7/1999 8:16:00 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116791

I believe the resolution of a potential gold squeeze may be resolved by the end of this coming January. The CB's will use every technique they can muster to keep gold in its current trading range. This is becoming more difficult as the physical demand for gold continues to expand. However, one has to determine what percentage of this demand is Y2K related. If the price of gold is contained thru January 1, 2000, and the Y2K disruptions are minimal, it would appear to me that some of the demand related to this phenomenon will dry up. If this scenario unfolds, then it is likely that some of the hoarded gold will reach the market increasing supply while demand declines. A crisis in the gold market would be averted. If there are serious Y2K disruptions, another scenario supporting higher gold prices may be likely. I believe this scenario is less likely. Ken