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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: baystock who wrote (68059)	4/21/2001 10:16:48 PM
From: goldsheet	Read Replies (2) of 116762

> I think consolidation in the gold mining industry is irrelevant as far as being a determinant to the price of gold. Agreed, nor did I suggest that "manipulating prices upward by collusion or cartel" was a reason I wanted to see fewer producers. >But there would be considerable benefits to individual mining companies if they can lower their costs by consolidating. That's the primary reason I would use for consolidation.

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