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Gold/Mining/Energy : Gold Price Monitor
GDXJ 113.76-6.4%4:00 PM EST
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To: Enigma who wrote (54422)6/15/2000 3:00:00 PM
From: pater tenebrarum  Read Replies (1) of 116834
 
that's definitely possible. in the long run the gold price situation should lead to a decline or at least stagnation in production as the replacement costs per ounce are about $350 all in all. at the same time the industry will continue to consolidate, so that in the end only a handful of large players will be left...with a lot of control over the supply side of the supply/demand equation.
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