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

To: Enigma who wrote (55826)	7/6/2000 10:24:05 PM
From: long-gone	Read Replies (1) \| Respond to of 116798

<<And even if it were possible for miners to act as a cartel - as nota bene insists so stridently - governments would step in and act against them. >> Well said, it not a "choice" fully with-in their power. As I posted a short bit back were one big name to shut down 95% of their production due to prices below the cost of production - Would the US government come after them for "price fixing"?!

To: Enigma who wrote (55826)	7/6/2000 10:27:35 PM
From: Ken Benes	Read Replies (1) \| Respond to of 116798

They cannot lease oil and sell it forward collateralizing the loan with their oil reserves. No fools oil for the sheiks to drive the price of their commodity into the ground. Ken

To: Enigma who wrote (55826)	7/6/2000 10:46:39 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116798

the oil cartel is possible precisely because the bulk of production is concentrated in a few hands. but oil and gold are completely different commodities...nevertheless, if gold production were a more concentrated industry something could surely be done to restrict supply in times of price weakness. i can imagine that the debate has raged for a while - it only goes to show how important it is. to me this is quite simple...hedging contributes to suppressing the price of gold, and should thus be fought every step of the way. why do you think no-one's interested in buying gold shares? because they know the depressed price is practically pre-ordained. i don't give a flying f... about the arguments FOR hedging to be honest... we need shareholder revolts... regards, hb .