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


To: Enigma who wrote (53425)5/31/2000 10:21:00 AM
From: Ken Benes  Read Replies (1) | Respond to of 116779
 
Unfortunately, they are not. The oil producers work for themselves and consequently are free to raise or lower production to market conditions, which is the name of the game for a commodity based business. The gold producers have strong ties to the bullion banks who have an instrumental role in determining how much gold is available to the market. The net result, produce, produce, produce, and borrow some more production. Keep that gold flowing, flood the market with product regardless of the fundamentals of the other side of the equation - demand.

Ken