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Gold/Mining/Energy : Gold Price Monitor

GDXJ 87.56

-4.9%

Nov 4 4:00 PM EST

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To: Enigma who wrote (36009)	6/27/1999 10:04:00 PM
From: long-gone	Read Replies (3) of 116752

<<ABX are in business - which with a public company means to maximise returns for shareholders >> but IF(& that is a big word here) ABX is driving down the price of gold to an all time low level, and making more people question the future worth of gold to the point as to reduce the current value of their main product, does it really "maximize" shareholder return? Or to rephrase, "Is making a temporary condition appear permanent in the best interest of shareholders?". Through-out history demand and extraction technology of ALL natural resources have been in a struggle. At times technology leads and appears to for all time have out-stripped demand,then at times the demand seems to have forever won. The rules of population growth will again win. The current over supply(at least in part) is artificial, and will fail. Demand reductions will not hold.

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