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

To: John Paquet who wrote (58724)	9/22/2000 4:50:40 PM
From: Ken Benes	Read Replies (3) \| Respond to of 116760

The elements were there for a substantial rally, however, as I previously stated, the cb's/gov'ts have an awful lot of ammunition left to fire at the market. A combination of the currency intervention and the release of some oil from the strategic reserve pulled the rug out of what had the makings of a route. For gold to regain its store of wealth status and attract new investors, the dollar would have to fall substantially below the 100 level, the euro would have to be on the verge of oblivion, the stock market would have to melt down, and the gold producers would have to exert a degree of independence and be ready to support a rise in the pog. At the moment the stakes are so high that I do not envision the cb's letting any kind of gold rally take place. Ken