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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.03+3.0%Nov 7 4:00 PM EST
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To: goldsheet who wrote (57970)9/8/2000 2:43:05 PM
From: Bob Dobbs  Read Replies (1) of 116753
 
First time I've seen your charts. Good work! I don't follow all the comments here, and your post about price factors was self-contained.

<I said something like the drop from $400 to $275 might be divided up as follows:
$100 - Increased primary mine production, resulting in the drop from $400 in early 1996 to $300 in late 1997.
$25 - 1998 Asian currency crisis, which dumped almost 1100mt on the market.
$25 - Central banks sales>

Obviously if there is a strong correlation between the dollar and gold price then the above post doesn't make any sense. Why aren't these numbers more like:

Dollar strength:----------------------$100
Increased Primary Mine Supply:-----$ 10
Asian Currency Crisis:---------------$ 10
Central Bank Sales (Leases):--------$ 30

Total Gold Price Decrease:---------$150

In my estimate this is closer to the truth.

Bob
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