At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: britt david jackson who wrote (992)	12/5/1997 2:18:00 AM
From: Ivan Avery Frey	Read Replies (1) of 1911

Markets have no memory. John Ralston Saul has written (Voltaire's Bastards: The Dictatorship of Reason in the West) that market ideologues not unlike their communist counterparts are trying to impose their world view onto the real world. The results will be somewhat disastrous unless free market absolutism is tempered by sensible regulation. Because of the complexities of modern societies we must be wary of quick fixes. John Ralston Saul has also written another book called The Doubter's Companion: A Dictionary of Aggressive Common Sense. Turning my attention to the gold price. At $286 there's not a single mine in South Africa that's profitable. If this keeps up they'll have to shut their mines down.

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