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

To: lorne who wrote (56717)	7/26/2000 12:15:39 PM
From: Ken Benes	Respond to of 116927

The second part of the equation falls into place. Now that demand is beginning to abate, and with the producers continuing to increase production, a lot of heat will be taken off of the bankers. The 400 tonnes of cb sales provided for in the Washington agreement, and new leases should pull supply and demand much closer together. The next question, will the 280 level hold or will gold retest the lows of last year. If the producers have anything to do with it, the lows are a given. The xau is indicating that investors are very confident that gold will go lower with the help of the producers. If the producers management did nothing over the next year, disconnected their phones, and went fishing, the price of gold would go higher and their companies would earn more. Investors might even demand that the managers stay home. Ken