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

To: long-gone who wrote (54168)	6/13/2000 11:02:00 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116786

I am afraid 62 is not good enough. As a matter of fact since my first post today, the gain in the pog has been reduced to 3.50 from over 6.50. I would be very surprised if this rally went anywhere. There is just too much gold around and when the global economies begin to soften, the demand for gold will fall taking the pog with it. In the meantime, those intersted in playing the short side will continue knowing that spikes in the gold price are temporary. As the price retreats they cover their positions. The only ones who do not understand the game are the producers. Ken