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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%Nov 17 4:00 PM EST

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To: Alan Whirlwind who wrote (67999)4/20/2001 8:48:59 PM
From: goldsheet  Read Replies (4) of 116762
 
> The rules of the thread preclude overt discussion of individual stocks

I try to stick to those rules. I may mention Company ZZZ produced XXX ounces which contributes to supply, which I think still affects the price of gold. I try not to indicate if Company ZZZ is good/bad as an investment, just it contribution to the macroeconomics of supply/demand.

> small producers sqeezed out of existence

We can only hope. The gold industry should be consolidated like base metals where 3-to-6 producers account for 50-to-75% of production. This would result in several producers in the 8-12moz range. There is room for small regional niche players (no names mentioned) BUT if you are in the 1-to-2 million ounce zone you are either going to get acquired or go out of business.
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