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

To: Bill Jackson who wrote (42265)	10/6/1999 1:30:00 PM
From: Lalit Jain	Read Replies (2) \| Respond to of 116763

Bill, I am very pleased to see you on this thread. I get the feeling that the gold market is very strong. 1. The small guy is still skeptical and is still only interested in the internet stocks. 2. Gold demand is so strong in India that the POG is at its all time high in the Indian currency. Similar situations with other Asian and Arabian countries 3. There is short covering going on 4. Hedges are being wound down 5. Y2k coming up 6. Don't forget the millennium gold coins 7. Japanese money flowing out of US dollars and going into gold and not into Yen, probably because japan does not want Yen to strengthen against the US$ any more. 8. Joint statement by various countries to limit gold sales and gold available for leasing, supported by the US 9. GATA has helped 10. And ofcourse, Ole 49r is once again bullish (at least I think so) I could think of more reasons, but do not enough time. Regards, Lalit Jain