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

To: TheBusDriver who wrote (51767)	4/20/2000 10:53:00 AM
From: Enigma	Read Replies (2) \| Respond to of 116764

Well you've found a soul mate! - sufficient to say (and we've hacked this one to death) that there are very few parralels between oil and gold.

To: TheBusDriver who wrote (51767)	4/20/2000 3:23:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116764

<<The best receipe for raising prices is making the commodity a little more scarce. >> > OPEC has been doing this for years....hence the current oil prices....It is beyond me why the gold industry has not seen the light! Gold miners still tend to look at the microeconomics (financial accounting) of their own projects, instead of the macroeconmics of the industry. BMG increasing production 40% at Phoenix makes sense to them because the IRR works internally. I'm not sure a cartel (ala OPEC, DeBeers) would work for gold mining. There are way too many players and chances to cheat whatever limits are agreed upon, not to mention the potential anti-trust (collusion) and legal problems.