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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Random Walk who wrote (7312)12/15/1997 5:38:00 PM
From: Bear Down  Read Replies (2) of 20681
 
<<Also consider that an AU find of this proportion would drive the price of gold down.>> Why would you say this considering that when Bre-x was proven to be a hoax that essentially took 200 million ozs of gold out of the supply side? I didn't see an increase in POG. You don't even say it as speculation. You clearly say "it would" , I agree that maybe it could, however doubtful, but how can you be so definate? There are obviously alot of other factors that determine the POG other than simply supply and demand. Demand has been rising, and the price has been dropping, and supplies are over estimated. Try finding that scenerio in business class.
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