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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

4:00 PM EST

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To: long-gone who wrote (63264)	2/3/2001 1:36:33 PM
From: Square_Dealings	Read Replies (1) of 116767

The answer seems to be to reduce supply. Consolidate the mines, write down the assets and then put the squeeze on consumers and the banks. Gold price would skyrocket if supply was suddenly restricted. Thats of course why the banks continue to make the appearance that there is a large supply. My guess is they dump it to dealers who short the hell out of it, buy it back lower and then sell it quietly back to the bank until the next announcement. Then they do it all over again. See the price would go up.. _________________________________________________________________________________________ Updated Fri Feb 2 18:19 ET BRIDGE UPDATE--PRECIOUS METALS: India gold, silver supplies cut Feb. 2--2317 GMT/1817 ET ................................................................. TOP STORIES: India's gold, silver prices rise as supplies drop after quake Mumbai--Feb. 2--Reduced supplies on account of last week's massive earthquake in India's western state of Gujarat pushed up local gold and silver prices, traders said on Friday. Most of the country's gold imports go to Ahmedabad city, in Gujarat, before being distributed to other business centers. ( Story .2053 )

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