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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Alex who wrote (51231)	4/7/2000 6:50:00 PM
From: PaulM	Read Replies (1) of 116753

MORE CUSTOMERS ALLEGE WRONGDOING BY METALS REFINER Should be read, and then read twice more. msnbc.com A couple of basic questions. Why would a refiner need protection specifically with respect to its gold and silver creditors? See for example the following article which states that "funding lines" have been negotiated" for continued operation, but on a "full metal advance or cash settlement basis" hoovershbn.hoovers.com If the U.S. Mint is to be believed, what motivation would H&H have to sell the Mint's silver to Credit Suisse without the Mint's consent? Shouldn't the suspension of the world's largest silver refinery be having some impact on the silver market? Having watched the precious metals markets these past years, I think we both know the answers to these Q's. Economics 101: when the price of a commodity is kept below equilibriam, supply will not meet demand and a shortage will result. Just to refresh some more background on this: Message 13308679 Message 13308928

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