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

To: Terry Swift who wrote (42933)	10/14/1999 3:10:00 AM
From: Alex	Read Replies (1) \| Respond to of 116764

<<Dealers said gold prices stayed at about $323 for much of today's trading in Asia after it opened at about $322. With few players wanting to take positions, gold trade was very sluggish today. As gold prices managed to stay firm at above $320 in overseas markets, Asia-based players expected the price to move up in the near term, with a nearby resistance at $325, a Hong Kong-based dealer said. Some investors are likely to shift funds from financial markets into gold and this could trigger a further short-covering rally, some dealers said.>> futuresource.com

To: Terry Swift who wrote (42933)	10/14/1999 9:01:00 AM
From: Ken Benes	Read Replies (2) \| Respond to of 116764

Terry: You along with others questioned my statements concerning the competence of the producers management. The events of the past several weeks have demonstrated that their managerial skills were less than I gave them credit. They drove the price lower by selling their reserves at a discount and may be willing to do anything to keep the price from rising. That worries me, because it is a good indication that they continue to work for the bullion banks, cbs, etc and not for the shareholders. The desperation of the producers to keep prices from rising is very worrisome and a good indicator why the gold stocks are doing as bad as they considering the rise in the POG. Ken