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


To: Enigma who wrote (56972)8/3/2000 1:28:38 PM
From: Ken Benes  Read Replies (5) | Respond to of 116958
 
Duh! Platinum and palladium are backing off very high prices, while gold is backing off a very low price. The reason for the lofty price levels for both platinum and paladium is that they are in very short supply, while demand increases. In the case of gold, demand has been increasing, however, supply has been increasing at a faster rate thanks to overproduction and the availability of leased gold. Talk about blinders, you have an uncanny inability to see gold as it currently stands as a commodity overproduced and under priced with the cb's being the Don quixote to the producers supplying even more gold.

Ken