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Gold/Mining/Energy : Gold Price Monitor
GDXJ 90.47+0.5%Nov 6 4:00 PM EST
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To: goldsheet who wrote (63326)2/5/2001 4:39:09 AM
From: W PAUL  Read Replies (1) of 116752
 
Dear Bob

I would welcome your view on the bambs message (63322) which got quickly submerged by GATA noise. My guess is that unless there is a widespread shift in demand for gold as an investment asset one or more big players would be taking too big a risk to bet against the Central Bank establishment which could well sell gold into a squeeze.

I can appreciate that eventually there will be a reduction in supply - although presumably the current price has partly been arrived at to make this a slow process.Whenever this might occur the Central Banks can still massage this transition. In the absence of an increased investment demand do you have a figure in your mind as to what this new equilibrium price would be ?

Thanks

Wyatt
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