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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Ken Benes who wrote (37043)	7/12/1999 7:18:00 PM
From: Casaubon	Read Replies (1) of 116764

I have stated many times on this board, nothing is going to happen until the producers organize themselves into a credible force and challenge the declarations of the cb's with their own declarations of, we are closing all uneconomic mines and will make up the supply with gold from the vaults of the cb's. A clear example of this strategy, the price of oil and copper, both having appreciated after the producers implemmented an effective strategy. Why is it when banks and govt's sell off a poor investment, thereby reducing demand (ie gold), a conspiracy exists, yet when such agencies blatantly manipulate the supply of a commodity (such as a oil), the strategy is heralded as a viable means of operating business. Free market economics should reign. When that happens, fair prices for gold and oil will exist. What you suggest is nothing more than collusion.

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