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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: scotty who wrote (61324)	11/26/2000 1:59:39 PM
From: goldsheet	Read Replies (1) of 116762

> they let on like the world is awash in gold Relatively speaking, it is. There is enough supply available to meet demand, and mining continues to be a profitable business so primary mine production continues at a very respectable pace regardless of the current low prices. There is no reason for gold to go under $250, but likewise there is not much reason for it to go over $300 in the near future. > seems like a small amount for the entire world to share It is interesting to note that almost half of gold every mined in human history has been mined in the last 40 years, which means the amount available has grown as fast as population, therefore the amount per capita has remained flat. When one considers that most population growth has ocuured in area when food is more valuable than gold, there is actually more gold available per capita in the industrialized countries.

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