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

To: Rarebird who wrote (58847)	9/25/2000 10:51:56 AM
From: Ken Benes	Read Replies (2) \| Respond to of 116764

XAU: 49.18 HEADING LOWER. A combination of a controlled environment in the gold market and inept management at the producer end is pointing to lower prices for the xau. How low, that is debateable, but I can envision abx below 14 and maybe as low as 12. Extrapolate this to the xau and you may have an indication of how low it can go. Judgement day is at hand for the producers who threw a wrecking ball at the gold market. Ken

To: Rarebird who wrote (58847)	9/25/2000 11:15:52 AM
From: long-gone	Respond to of 116764

<<I am very pro business and private enterprise. Don't ever forget that. >> Those which mine coal or drill for oil are also business.

To: Rarebird who wrote (58847)	9/25/2000 11:24:18 AM
From: long-gone	Respond to of 116764

<<Do you see more new lows for the XAU? >> Maybe but not a large amount lower. I wouldn't call the market higher, though, last I saw a/d still wrong.