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


To: S. maltophilia who wrote (59357)10/4/2000 2:43:45 PM
From: Ken Benes  Read Replies (1) | Respond to of 116764
 
The market prices a commodity based on its availability. Gold would have a better chance of reaching the lofty levels in your post if its supply were much less than the demand, while oversupply might just push the pog to the extreme of 140 in your post. Natural resource companies must evaluate production based on market fundamentals. The gold industry is the exception to this rule, they have one speed, full throttle ahead regardless of market fundamentals.

Ken