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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Bear Down who wrote (7318)12/15/1997 9:55:00 PM
From: ShoppinTheNet  Read Replies (2) of 20681
 
Hey Mikie I like ya! Or is it Mikie likes it oh well in your post you state "There are obviously alot of other factors that determine the POG other than simply supply and demand."

I respectfully disagree. Somewhat. It is simple supply and demand that dictates the price of Gold. We just do not know all of the factors that effect the supply and demand curve. I think that is realy what you were realy trying to say.

Bre-x was thought to have 200 oz but the mine was not up to production yet and would not have been (if it was for real) for several years. With this being the case, I would not have expected Bre-x to effect the price of gold one way or the other. Now if there were long term futures contracts out there available to speculate on, Say 15 year contracts, well then I bet you would have seen some movment on that contract with the fall of Bre-x.
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