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Gold/Mining/Energy : Gold Price Monitor

GDXJ 104.50

-2.0%

4:00 PM EST

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To: russet who wrote (39615)	8/26/1999 9:46:00 AM
From: Enigma	Read Replies (1) of 116798

Russett - the problem I have with much of this is in the conclusions people reach: 1) Producers want the POG to fall, and 2) CBs want the same thing. One doesn't have to go into the reasons why both of these wishes fly in the face of sanity. A variation on 1) Is that ABX is the big bad wolf - it wants the POG to fall so it has the field to itself. People forget that it is the juniors who find nearly all of the great deposits - and a healthy POG encourages investment in juniors. The large companies like Barrick find deposits by J/Vs with juniors. d

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