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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: Gord Bolton who wrote (48604)	2/8/2000 9:14:00 PM
From: Fun-da-Mental#1	Read Replies (1) of 116764

Gord, I like your analysis. I think there's a parallel with the oil market here. The biggest, lowest cost producers (i.e. OPEC) dumped their product on the market to kill off competition, and then used their near-monopoly to drive the price up. (Whether they did this intentionally or not, in effect that's what happened.) If the parallel with the oil market continues to hold, the small producers' stock will shoot up fast when prices turn the corner, but then decline again as it turns out that many of them are in deep financial trouble and still not making a profit despite higher prices. So buy low now but don't forget to sell high in a few months. JMHO Fun-da-Mental

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