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


To: Ken Benes who wrote (49975)3/3/2000 9:25:00 AM
From: Enigma  Read Replies (2) | Respond to of 116766
 
The market has already discounted the known new supply coming from gold miners. And, another thought - if gold is a currency - why should it go UP or DOWN - other than is normal for currencies in general? So maybe we all have to get used to gold being in a trading range around these levels say $275 - $330 - and let the fittest survive? And I think Barrick has recognised this for many years - its growth will come through expansion in the reality of the gold market as it actually exists - not as some would have it or dream it to be.

Benes keeps carping about supply - yet one never hears him referring to increases in the Money Supply - however measured - and if gold is money .............?