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

To: Enigma who wrote (57130)	8/8/2000 7:07:09 PM
From: lorne	Respond to of 116979

Currency Forecasts August Posted: 2000/08/8 10:49 AM EDT Full story >>> mips1.net

To: Enigma who wrote (57130)	8/9/2000 10:10:42 AM
From: Ken Benes	Read Replies (2) \| Respond to of 116979

The nature of the beast, gold is over produced and a commodity whose equilibrium price is dramatically altered thru cb sales and leasing. While producers cannot change cb sales, they certainly have control over how much gold they will produce and how much leased gold they are willing to collateralize with inground reserves. The price of oil and everything energy related is rising. In the past gold would rise along with energy costs reflecting golds characteristic as an inflation hedge. Presently as energy related inflation increases, gold is sliding in price. Why, the producers have no coherent production policy allowing them to tailor production to demand. Consequently, gold is sliding at a time that inflation is making its presence felt. As I said the laughing stock of the equity markets. Ken