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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.43

-4.5%

Nov 20 4:00 PM EST

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To: long-gone who wrote (90014)	9/26/2002 7:50:14 AM
From: IngotWeTrust	Read Replies (1) of 116764

Thx 4 comeback, RH. RE: Thompson scheme...still won't help PoG. CEF hasn't helped PoG nor PoSilver either. Think about it. It's just another paper vehicle. Can't march up to the door of CEF, hand 'em that share cert of the fund and go home with a trunk full o' gold or silver bars. Besides, it isn't new production that will go into the "audited and vaulted hoards"...it's just an existing bar shuffle. Nope, the only thing that will help the PoG is physical offtake of ever increasing annual mine production. Scrambling for already above ground good delivery bars is a ZERO SUM game the way I see it. Scrambling for ignored, above ground, discarded gold...now THERE's a growth biz. Discarded gold peaked at 18million oz here recently acc'd to GFMS...now a slightly lessor number being recycled now...and they are only dealing with the easy scrap...the floor sweeps/bench sweeps/and foundry splatters, etc. They leave the rrrrrrrrest of it for folks like me. YeeeeeeeeeeeeeeHAWWWWWW! ABX isn't screwy or doing anything untoward...they warned us about their plans for unwinding hedges AND SOON TO BE ANNOUNCED REPLACED HEDGES AT HIGHER PRICES...back when they wrote those deriv contracts. It's nothing new, Richard, and nothing smells funny either...at least the funny odor hasn't reached up here into the great Northwest. Ready for winter? Being doing the tree felling/lumber hauling/wood splitting/wood stacking thang...a little earlier this year than usual...but going back for another load on Sat. You got your wood in yet? g_t g_t

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