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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (36933)	7/12/1999 10:53:00 AM
From: Ken Benes	Read Replies (6) \| Respond to of 116764

Bill: Gold continues to lanquish dispite all the revelations made since the BOE announced the sale of gold. While no one disputes that the fall in gold prices resulted from the activities of the cb's, hedge funds, and the forward selling producers, it is going to be extraordinary to get the interest of the general population to this manipulation. Until this interested is piqued, nothing will change. Your efforts along with others are basically playing to the choir. For the man in the street, your message is falling on deaf ears. He is interested in his portfolio, and the price he has to pay for jewelry for his girlfriend. Right now with the price of gold at 250, he is getting a bargain and could care less about the plight of the third world miners, the small producers, and the gold investor. I have stated many times on this board, nothing is going to happen until the producers organize themselves into a credible force and challenge the declarations of the cb's with their own declarations of, we are closing all uneconomic mines and will make up the supply with gold from the vaults of the cb's. A clear example of this strategy, the price of oil and copper, both having appreciated after the producers implemmented an effective strategy. Why is this not happening in the gold market. THE PRODUCERS ARE ONE OF THE MOST MYOPIC GROUP OF BUSINESS PEOPLE DOING BUSINESS ON THE BIG BOARD. Their business models are not drafted in the boardroom but in the hallowed halls of the cb's. Until the producers become proactive, the gold market is destined to continue its slide into obscurity. Ken