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

To: teevee who wrote (38976)	8/14/1999 3:51:00 AM
From: d:oug	Respond to of 116877

teevee, its ok to tell cold hard stark facts of POG going lower than the lowest of the low, but please don't pee into the wind or tell the GATA troopers that the central banks are sitting on the equivilent of 50 years new mine production, and they want to sell it, else a river of tears will flow from the gold bugs. Is this post more dumbly than the one that dumbfounded aj ? doug

To: teevee who wrote (38976)	8/14/1999 7:46:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116877

<<central banks are sitting on the equivilent of 50 years new mine production and they want to sell it>> Guess you have some information that the rest of the world doesn't? Care to share it with the others on this thread? d

To: teevee who wrote (38976)	8/14/1999 10:11:00 AM
From: long-gone	Respond to of 116877

<<the POG is headed much lower for one stark market(supply demand) reason....the central banks are sitting on the equivilent of 50 years new mine production and they want to sell it.....>> Prior to major CB sales, the number was quoted as 12 years not 50. As one can be sure not all gold loans from the CB's will be able to be repaid, How can you be sure of even the 12 year number, or that it is really 12 years as gold demand has gone up?

To: teevee who wrote (38976)	8/14/1999 7:13:00 PM
From: mark warburton	Respond to of 116877

TeeVee, A 50 year supply? At what price? TeeVee you must make your comments at least reasonably thought out. The current above ground supply of gld is less then one ounce for every man women and child on this planet. Quite possibly you may have a part of that around your neck or finger like so many others on this forum. Since the world population is growing faster then the supply you should have an increasing demand over the next 50 years. Maybe? Or am I presuming to much here? Second point. The total market capitalization of all gold represents about 1 trillion dollars currently. Take the price lower as you continue to view and the entire market cap drops substantially. Lets say it goes to lower then low then you have stated in other posts. Lets say 1 dollar an ounce. Total market cap 4 billion. India will buy that in a month. So your wife says yeah but TeeVee my Grams ring was gold I want one just like it. But of course as a by product of Copper their will still be lots around cause they will still go through the entire process to return like .02 OPT gold. If you fail to learn from history you will repeat history. Go back TeeVee as far as records are recorded and gold has been of value always. Still is, always will be. Of course TeeVee (Nostradmus himself) sees it different. All CB's want to sell! Another point you make. How many TeeVee? How many are holding? How many are selling? How many are adding? The most basic economics of all, supply and demand are currently out of balance on a short term basis. Mainly due to certain CB's and the gold carry trade. The underlying supply demand is growing on the side of increased demand and dwindling supply. Think I will stay the course of the last 2 milleniums over your bold call. JMHO Mark

To: teevee who wrote (38976)	8/14/1999 8:26:00 PM
From: Robert J Mullenbach	Respond to of 116877

Read this teevee , much lower ? XXXXXXXXXXXXXXXXXXXX gold-eagle.com From there we can understand that gold analysts have always mentioned the concept of an average operating cost which should represent the average cost of producing an ounce of gold given all known technologies. Again we are talking here about operating costs which are the costs to produce on a daily basis. These do not include the one time capital costs which are the costs to build the infrastructures needed to produce the metal. Today in 1999, the average operating cost (also called cash cost) among all producing companies, is estimated at US$200 per ounce. Of course, you will find producers with cash costs exceeding US$300 and some with cash costs lower than US$100. It is therefore reasonable to expect that current explorers who will be tomorrow's new producers will have cash costs in the same range. all production will stop at about 75 to 100 a oz.