Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.88

+4.2%

4:00 PM EST

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To: Enigma who wrote (55826)	7/6/2000 10:46:39 PM
From: pater tenebrarum	Read Replies (1) of 116801

the oil cartel is possible precisely because the bulk of production is concentrated in a few hands. but oil and gold are completely different commodities...nevertheless, if gold production were a more concentrated industry something could surely be done to restrict supply in times of price weakness. i can imagine that the debate has raged for a while - it only goes to show how important it is. to me this is quite simple...hedging contributes to suppressing the price of gold, and should thus be fought every step of the way. why do you think no-one's interested in buying gold shares? because they know the depressed price is practically pre-ordained. i don't give a flying f... about the arguments FOR hedging to be honest... we need shareholder revolts... regards, hb .

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