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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

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To: IngotWeTrust who wrote (90112)	9/27/2002 4:01:26 PM
From: E. Charters	Read Replies (1) of 116762

The IMF sold 2,000,000 ounces a quarter in the 70's in auctions thinking it would trash the gold price. It did not drop the price by one dollar. This is an example of an inelastic commodity. If the supply increases by 20% the price does not drop by 20%. It does not even drop by 1%. Gold is a controlled commodity by the LBMA cartel. This is why it does not respond to supply and demand equations directly. If you need a hand to pat you on the back, use your ingenuity to construct one with automatic controls. So noted that you wish to needle about Wildcat's chances in the market. This is usually connected with some sort of agenda. We know there are all sorts out there who wish to needle and carp. We know why they do it. You can make more political enemies in a half an hour imagining they are political enemies than you can in a lifetime of dealing with your problems as they actually exist in front of you. EC<:-}

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