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

To: Ken Benes who wrote (57825)	9/2/2000 8:29:24 PM
From: d:oug	Respond to of 116815

Ken, You concede that the xau represents the investment community views of the ability of the gold producing companies to make a profit mining gold at the current and projected price of gold. If as you say GATA will not obtain its objective, then the outcome will be the stand double d has taken, which is that the strongest and smartest and best positioned and best connected and on and on will leave only those like Barrick standing after all is said and done. Your approach to understand the gold market places at the same time either two objects in the same place, or one object in two different places. You say the gold producers can decide the price of gold at the same time you state that they can not do what will jeopardize their ability to continue as a public company needing the resources of a bank. Sometimes I sense that your frustration is more towards the shareholders of these gold producers than its management. If so, then a better access path for change would be through a change in the legal avenues allowed between the producers and the banks so that a bank can not "hold hostage" the producers so that the banks agenda can be fullfilled. Until so, what the current status reflects is either legal under existing laws or if not, then its an anti-trust issue if all the banks are collectively acting for the same agenda to control the price of gold low and permanently low. doug

To: Ken Benes who wrote (57825)	9/5/2000 9:04:13 AM
From: lorne	Respond to of 116815

Gold Derivatives Growth Unsustainable? New study from the World Gold Council Business Wire - September 05, 2000 06:17 " The main use of gold liquidity (see attached table) is forward selling and other hedging by mining companies which accounted for around three fifths of the total (3,021 tonnes) at end-1999, around double the amount used to fund consignment stocks and the inventory of jewellery manufacturers, refiners and other industrial users." Full story >>> hoovershbn.hoovers.com