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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (7632)9/4/1999 10:45:00 PM
From: goldsheet  Read Replies (2) of 81234
 
> More and more I keep getting the feeling that the mines
> are acting against their own self-interest by not cutting
> production in order to raise the gold price

The major miners continue to increase production, lower cost, and maintain excellent cash flow. So what if spot gold stays low, it will just reduce the cost of acquisition of the smaller firms. Maybe someday there will be 10 firms that control most of the world's gold production and will be able to set prices (ala DeBeers) instead of taking the market price - now that's a real conspiracy theory ;)
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