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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.90

+0.9%

Nov 18 4:00 PM EST

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To: Alex who wrote (70714)	5/30/2001 9:50:29 AM
From: Ken Benes	Read Replies (1) of 116762

Yes, Yes, it is the unfortunate truth. But, it is not the whole truth. Even more egregious, the producers are ready willing an able to increase production at the slightest hint of an increase in demand. Commodity producers should not be ahead of the production curve, they should be monitoring and managing prices covertly, increasing supply only when the additional metal will receive a higher price. The gold producers do not comprehend this, which is understandable from a mentality that will grab a shovel before reaching for a calculator. The price of gold is doomed to underperformance until the management of the major producers is replaced by a more astute group of people. Ken

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