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

To: Enigma who wrote (32540)	4/26/1999 10:41:00 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116763

Double D: I do not believe the question is, how much lower the gold price can be driven, but rather how much higher it can go with 9000 tonnes of gold overhanging the market. It is obvious that the objective is too keep gold below 300.00 with the trading range of 278-285 an ounce. A move above that range begins to rattle the net holding the 9000 tonnes above the market. The result, the longs cover their positions and the narrow range is maintained. Ken