Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Benes who wrote (53398)	5/30/2000 7:06:00 PM
From: Enigma	Read Replies (1) of 116786

Why do you say there are indications that the demand for gold is about to abate? And why do you think producers are divorced from reality - when it is you who are? The producers know what the price is - spot and forward - and have to live or die within that reality - some will die - some will prosper. As I've said before, we may be faced with a low price for some time - that is reality. The dynamics of the industry are such that a cartel, production restrictions, etc., are not possible. And at this rate of production major finds will have to be made to replace reserves - I'm not talking about finds already made - but new finds. It may not be possible to keep it up. The POG has factored in production coming on stream in the next few years IM(H)O.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next