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

To: d:oug who wrote (59756)	10/13/2000 10:37:52 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116756

Gold is giving up a good part of yesterdays gain as expected. Searching thru the news wires, a common theme is apparent. There is little investor interest and the market continues to be out of equilibrium with the miners continuing to overproduce with additional production expected in 2001. International crisis are becoming easier to handle. In the past countries had to worry about a runnaway flight to safety in the gold market, today, the blip in gold prices is limited to the shorts covering in case of a catastrophe. Investors continue to shun the market realizing that any rally is short lived with tonnes of gold ready to be thrown at the market by the producers. Ken