Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

4:00 PM EST

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To: Claude Cormier who wrote (67447)	4/9/2001 5:57:17 PM
From: marek_wojna	Read Replies (1) of 116791

<<For sure forward selling is not helping the short term price of gold, but over the long run, this is a zero sum game as they will eventually payback from future production, this will limit the gold available to satisfy fabrication demand thefore causing price to rise balancing the equation.>> In the mean time which is not so short BTW (4 years so far) general public is being fed the stories about gold not acting any more as a hedge during turmoils, international crises, etc. I think all talks about "long term investment" are becoming search for naive little investors. The investment philosophy has changed drastically over last few years. If the street "gurus" will not use the gold now to break this trend, I'm afraid the next stop for the masses are only casinos.

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