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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: lorne who wrote (43449)	10/21/1999 8:23:00 AM
From: Ken Benes	Read Replies (1) of 116764

Bad move Neumont. Producers should still be paring production from marginal facilities and certainly not expanding production. These guys love to dig and leave the numbers to others(bankers). This would be tantamount to kuwait increasing production just as the price of oil was attempting to meet a new equilibrium price. The other day GATA said there would be an announcement of production cuts coming out of Denver. Looks like its going the other way. That pincer is becoming esconced on the lush beaches of Bora Bora with a big rum drink. Ken

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