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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

4:00 PM EST

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To: Enigma who wrote (60518)	11/4/2000 11:32:01 AM
From: Square_Dealings	Read Replies (1) of 116779

<<Maybe we will get some monolithic producer through mergers - but even then it will be hard if not impossible to corner the market - and it would be counter-productive - and lead to government sanctions. >> I think we are seeing major shakeout in the industry and smaller companies are going to get absorbed into bigger ones. The consolidation will give strength to pricing and more importantly -supply controls. That's all they did with oil is to stop pumping it and the price went back up. But you cant control the supply until you get agreement between the producers. And if they can't agree then some will go out of business or be forced to sell out on the cheap. The dollar is getting ready to come down and so you are seeing some last minute shakeouts in all the gold miners. I believe there is a campaign to scare out all share holders of the smaller SA mining companies last couple days. Like GOLD DROOY HGMCY. Shaking hard, with whatever tactics they can. M.

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