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Gold/Mining/Energy : Gold Price Monitor

GDXJ 104.50

-2.0%

4:00 PM EST

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To: goldsheet who wrote (72408)	6/26/2001 2:12:42 PM
From: lorne	Read Replies (1) of 116798

> What does a 10 million ounce producer do for the price of gold >> Absolutely nothing, consolidation is needed to affect the cost (not price of gold) Every other metal has 3 or 4 producers that control 50-75% of production.<< Hi Bob. Every other metal is not a threat to the US$ so I wonder if it is wise to have to have one company in control of so much gold production. And IMO so long as bush and mulruiney sit on the board of directors there will be some government influence in this company, I have been told on this thread in the past that they are like any of the other directors in this company. I just don't think so. Lorne

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