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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Davy Crockett who wrote (92756)7/26/2001 6:45:15 AM
From: Frank Pembleton  Read Replies (2) of 95453
 
Peter, I'm not a history buff but we've just seen what did get the price of gold to move this spring with the Aussie mine going belly-up. It's a classic supply and demand issue.

At the moment the gold seems to move in isolation of the world markets, it's not considered a currency anymore. The only meaningful influence if seen on its price is "lease rates."

Regards
Frank P.
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