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

To: Enigma who wrote (38751)8/10/1999 3:08:00 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 116954
 
DoubleD, <<Define 'surplus'>> Gold available to the market above demand. This can be real or imaginary, who cares which, it can even be forward selling, it keeps the price in balance, supply and demand. For all we know some are lending metal they don't own, who cares, someone's books balance. When someone finally asks for their metal and there is none to give, then the price will rise, maybe 20 years from now? <VBG>



To: Enigma who wrote (38751)8/10/1999 4:10:00 PM
From: Ken Benes  Read Replies (1) | Respond to of 116954
 
Gold was up .70 cents today, and the big gold stocks were down. There is not a lot of confidence out there that the high lease rates, hype, etc is going to lead to higher gold prices. The cb's have a lot of ammunition they can throw at the market, and there is no doubt to preserve market liquidity, they will do just that.

Ken


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