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

To: Ken Benes who wrote (53393)	5/30/2000 10:45:00 PM
From: LLCF	Respond to of 116779

<There should be an immediate 10% reduction in gold production. This should have happened last year, but it did not. Without reduced production, gold is ready for another hit. If the short lived rally of last fall was the best that gold could do in an environment of uncertainty over y2k, and the huge short position, then we are set up for the final capitulation in the pog followed by a consolidation of the producers> IMO consolidation is at hand as well as many going out of busines... it's interesting you site last falls rally 'as the best it could do' as I would site current prices as 'the worst it can do' given all the negatives you site... if something seemingly should be "10% lower" but is not, it is my experience this information is telling you something. DAK