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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
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To: Enigma who wrote (60518)11/4/2000 11:22:10 AM
From: Alex  Read Replies (1) of 116779
 
Hi E. My concern is the following. Every forward sale of an ounce of gold leads to that ounce being sold after it's borrowed from a cb. This can only lead to a lower pog, well below the total replacement cost of most producers. This is reflected in reality, not only by the pog, but also by the stock price of the miners. It is only my opinion, but at some point in time, this insanity has to end, or else much of the gold sector will be destroyed. These tactics have already led to twenty year lows, what else has to happen to lay open their futility?
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