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Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.10

+1.1%

Dec 30 4:00 PM EST

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To: Ken Benes who wrote (39591)	8/25/1999 6:37:00 PM
From: Enigma	Read Replies (1) of 116836

Ken. Producer selling (con't). I think the point you're missing is that OPEC is an organisation made up largely of countries and they have political influence - in the copper industry there are handful of large producers - but with gold there are numerous producers and they don't control all the sources of supply - in fact they have to keep on producing and selling because with these other factors they have no idea where the price is going - it makes no sense to withhold product from the market. d

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