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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Alex who wrote (52696)	5/14/2000 12:17:00 PM
From: goldsheet	Read Replies (3) of 116758

> I own Eldorado Gold, a junior, which has shown five consecutive quarters of profit and good cash flow and is trading at a p/e of just over seven Agreed, there are lots of firms that look really good on paper. It is all a matter of perception and at the moment gold shares are not getting any visibility in the market. The few that can will be the 10 or so big firms that can mine over 2 million ounces. Even 1 million ounces doesn't do it anymore (one of my new realities of the gold market) > What's even odder is that this constant harping about gold oversupply, in the face of what's going on with M3, is happening on this thread Sorry about that, but I can see a direct relationship between primary mine production and gold prices. I think M3 is indirectly related. Just because there is a lots of fiat dollars out there doesn't mean that folks will go to the gold. Both (dollars and gold) get treated like commodities/currencies and the market prices them. Yes, it seems that there are too many dollars priced too high AND a fixed amount of gold priced too low. Unfortunately, neither you or I can talk gold up in this market, it is going to take a big change by big players.

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