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

To: goldsheet who wrote (52366)	5/5/2000 12:57:00 PM
From: Enigma	Respond to of 116811

Sauce for the gander too?

To: goldsheet who wrote (52366)	5/5/2000 6:15:00 PM
From: Ken Benes	Read Replies (2) \| Respond to of 116811

Newmont should not be increasing production, nor should any other company. It is evident that increases in demand is being satisfied by above ground supplies. Why the zeal to meet increased demand with added production from inground reserves, when the additional demand has been satisfied. The increased production will only serve to hold in place the cap that is currently on the price of gold. I know the argument, mining is capital intensive, the producers are becoming more efficient and earning more at lower prices, unfortunately investors in gold shares care a rats ass about earnings per share. They want leverage to a rising price of gold and if the price of gold remains range bound, those monies are going to be invested elsewhere, period. This is the primary reason that I see little if any hope of appreciating gold prices and share prices of the producers. Ken