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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Zeev Hed who wrote (63941)	2/18/2001 10:27:06 AM
From: Alex	Read Replies (1) of 116770

<<You got to admit however, that with production of the yellow almost doubling in the last 10/15 years, and that trend still increasing, the case for a real turn arounds is difficult to make.>> I've taken these supply numbers from Bob's site and they are presently current until the end of 1999. Bob can correct me, but I believe that they show total world mine production increased by .5% from 1998 until 1999, from 2555 metric tonnes to 2569 metric tonnes........... goldsheetlinks.com At first glance it seems that world production over the last number of years has not been increasing dramatically. I haven't worked out the yearly increases at the site though. M3 on the other hand has been increasing by about 10% per year for the last number of years, if the following chart is correct............. economagic.com I guess my question would be this - do the same laws of supply and demand apply to the U.S. dollar that are so often attributed to gold? Another way of looking at it would be - is the price of oil really going up, or are the Arabs only demanding to be paid more dollars from what appears to be an endless supply? Regards, Alex

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