SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 87.56-4.9%Nov 4 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Murphy who wrote (35606)6/21/1999 4:00:00 PM
From: Ken Benes  Read Replies (1) of 116752
 
Bill:

I know you are working very hard and reading thru the various bytes in your note, you are confirming that there is a serious deficit between supply and demand while the price of gold continues to fall. While your efforts are laudable, I believe they are going to have a limited impact on the gold market as long as people continue to make substantial summons of money on equities. You are playing to a choir that needs some comforting after the the drubbing they have been taking. To rectify the problems in the gold market, the producers are going to have to get involved and from a business perspective they should be substituting cb gold for uneconomic gold that they are continuing to mine at a loss. If the market is as manipulated and tight as you describe, the mere inference that the producers may curtail production of uneconomic gold will create turmoil in the gold pits.

Ken
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News