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

To: pater tenebrarum who wrote (56466)	7/19/2000 1:46:05 PM
From: Don Lloyd	Read Replies (2) \| Respond to of 116834

hb [...what is a realistic value for the PoG? a third of global production is already unprofitable at current prices. i doubt that you, or anyone else knows what a 'realistic price' actually is. there's no way to evaluate that question properly due to the special role of gold. it's not an industrial metal that can simply be judged by supply/demand information. it's a political metal. the primary supply/demand deficit suggests the price should be higher - it's the CB sales overhang and the leasing scam keeping it down...] The appropriate question would not be accounting profitability, but only the forward look, treating all past costs as sunk costs. Does my company go broke slower by shutting down or continuing to mine? Supply/demand must be different for gold vs oil (if it were really a depletable resource) in that it is never consumed, but rather just stored in different forms. Regards, Don

To: pater tenebrarum who wrote (56466)	7/19/2000 2:50:01 PM
From: goldsheet	Read Replies (2) \| Respond to of 116834

> many CB's were heavy sellers throughout the 60's-80's period Belgium and the Netherlands sold about 10 million ounces each during the 1970s, and another 10 million each by 1992. Canada's "big dump" started in 1985 at 20Moz and was down to 4moz by 1994, another 16moz in a decade.

To: pater tenebrarum who wrote (56466)	7/19/2000 4:59:00 PM
From: Zardoz	Read Replies (3) \| Respond to of 116834

there was a good reason why gold rallied in the seventies...inflation. BULL. As stated many times before you need either HYPERINFALTION or deflationary pressure for gold to rise. Gold rose in the 70's cause it had no basis to form a market price on. what is a realistic value for the PoG? ... due to the special role of gold. GOLD has NO special role, it hasn't for years. Why should gold be value above it's market price? It's not a good currency hedge, it really only offers limited protection. a third of global production is already unprofitable at current prices GOOD. But that doesn't mean that more reserves can't be brought online at ever decreasing costs. So what is the fair value of gold.. Costs + 10% = $190 Want to know when to buy gold. When it nolonger is profitable to write futures options. Hutch PS: Eyeball your XAU/POG again lol You called it a buy.