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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: Ken Benes who wrote (57887)	9/5/2000 4:26:08 PM
From: goldsheet	Read Replies (3) of 116756

I found her last comment the most interesting/important: "Ms Cross suggests this has "more than likely delayed mine closures, probably delayed mergers and the restructuring of the industry and . . . encouraged expansion of the reserve base". The gold industry has to consolidate like the other metals (aluminum, copper, nickel, etc..) The top 5 gold miners should be producing at least 50% of world production instead about 25% (22moz out of 82moz), then they could/should do some of the restucturing you have previously suggested.

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