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Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.10

+1.1%

Dec 30 4:00 PM EST

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To: Real Man who wrote (95088)	5/22/2003 1:16:37 PM
From: goldsheet	Read Replies (3) of 116836

> It's not the gold rise, it's the dollar drop that is pushing gold price (in USD) higher That's exactly the point I have been making. The dollar drop has been good for gold bullion, but bad for gold stocks (margin squeeze) Yes, it's all about currencies at the moment. > Gold is not mined in the US, mostly True, but the way South Africa production was plummeting over the last 30 years while US production was rising, it almost looked like the US would become world's largest gold producer. Currently: 1. RSA 395mt 2. USA 350mt (damn close) 3. Australia 280mt 4. China 190mt 5. Russia 180mt P.S. Anyone notice gold is down about $5 today ? You gotta love the GPM thread where only up days are noticed ;)

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