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

To: Enigma who wrote (55945)	7/8/2000 1:37:07 PM
From: TATRADER	Read Replies (2) \| Respond to of 116972

enigma, IMHO there are several derivative traders,bankers, and a few other notables on this thread, that have only one interest, keep any type of public interest from arising in gold bullion, or gold shares...Call it conspiracy if you will, but they are just trying to keep getting their paychecks......Unless you can throw out a war, or world crisis, they will continue to be in the driver's seat...Remember the target range Goldman gave for bullion prices..It has not strayed from those targets, now has it?

To: Enigma who wrote (55945)	7/8/2000 2:30:13 PM
From: Ken Benes	Respond to of 116972

No, but this is an open discussion. I do find much of what is posted here to be of good value. Generally, central to the discussions is the low price of gold and how it is being affected by market forces and manipulation. Intrinsic to this analysis is the mismanagement of the producers in a difficult environment. This is evident in the performance of the gold shares and the lack of participation of investors. It is not out of order to point out that an investment in bullion may be superior to an investment in the producers. In the not too distant past, many investors used gold shares as a proxy for the metal itself. You cannot say the same today. In fact, when gold does attempt to rally, the investors contempt for the gold shares is obvious in the lack of performance by the producers to a move in the gold price. Again, the management of the producers have played an instrumental role in killing the mystique of the gold equities. Ken