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

To: dynamitehandler who wrote (53996)	6/9/2000 11:53:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116790

JW, you're imagining this. BLS just reported that electricity prices fell by 1,5%. 'seaonally adjusted' of course...:) i heard that electricity futures were going absolutely bonkers last month (i.e. in reality, not in government statistics fantasy land). haven't checked actual prices, but it seems there was an extreme price spike at some point. probably the end result of this will be rising aluminium prices, no? because either the higher input costs are being passed on, or capacity will be idled, reducing supply. but not to worry...they will fall, 'seasonally adjusted'....:) regards, hb

To: dynamitehandler who wrote (53996)	6/9/2000 12:21:00 PM
From: Don Lloyd	Respond to of 116790

J.W. - [Up here in our neck of the woods, the great Pacific Northwest, they just closed the Vanalco Aluminum plant in Vancouver, Wash. The reason? High electricity costs. Word around here is that Vanalco decided early on to buy their electricity on the open market, where its price fluctuates quickly with the changing times. That, apparently, was their undoing. The rest of the big aluminum plants in the Columbia basin have signed contracts with BPA for their electricity. This may be only give them a temporary reprieve, however, since BPA is raising short-term power rates due to spilling more water over the dams in response to fish concerns. So, if hydro-electricity is going up, and natural-gas-produced electricity is going up, then it won't be long before the aluminum industry feels it. And when they feel it, the economy around here takes a hit, big time.] Who do those aluminum producers think they are anyway, trying to bid electricity away from my air conditioner? With the gold price where it is, it may be time for the gold miners to start exploring for aluminum can deposits with their stores of virtual electricity for aluminum production. -g- Regards, Don