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


To: Ken Benes who wrote (57320)8/14/2000 5:18:08 PM
From: Enigma  Read Replies (2) | Respond to of 116922
 
Producers will close high cost mines in the normal course of business - they'd have to have rocks in their heads to purchase gold at $274/ounce - other than to square some accounts equivalent to hedged production from the closed mines. Again, I expect this happens in the normal course of business. But in the greater scheme of things it would IMO be a marginal factor.