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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
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To: long-gone who wrote (34549)5/27/1999 12:30:00 AM
From: Ken Benes  Read Replies (1) of 116782
 
Richard:

At this point and time forget about the dealers, the producers hold the supply which is equivalent to having the ball. Do as the russians have done, withold the supply of palladium and watch the price move up or as the oil producers have recently done cut back on production, viola, oil goes up 60%. This is all about the producers. With the 8000 tonnes of overhang needed to cover the short interest in gold, the only ones being manipulated are the producers who are continuing to be good little scouts and selling their reserves forward at a pittance.

Forget about calamitous news, forget about manipulation from the banks and dealers, and focus on the producers, there in lies the problem and the solution.

Ken
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