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To: Alex who wrote (59776)10/13/2000 4:23:53 PM
From: Ken Benes  Respond to of 116762
 
Alex:

Excellent article the clearly defines the overproduction that is slamming the price of gold. The only person I know who would not understand the content of your message is triple d who seems to spend the majority of his time defining his markets go up and markets go down as it pertains to the gold producers.

Selling forward production from a mine that is financed thru leased gold whose contracts are protected with other derivatives is more than folly that has destroyed a market. It is stupidity to any objective observer. Unfortunately, the managers of mining companies think it is good business and besides they are having a ball turning the globe into swiss cheese with all the holes they are drilling.

Ken



To: Alex who wrote (59776)10/13/2000 7:08:57 PM
From: Enigma  Respond to of 116762
 
Do you think these assumptions are correct? They are posted verbatim with the implied assumption that they are true, but are they correct, partly correct or dead wrong? Who is he and what are his credentials? If the company is placed at risk what is the responsibility of the auditors? are they not obliged to issue a qualified audit report?



To: Alex who wrote (59776)10/13/2000 10:00:46 PM
From: PaulM  Read Replies (3) | Respond to of 116762
 
WHEN WILL THE US PLAY THE FINAL MORAL HAZARD CARD

prudentbear.com

Funny surfing today I saw spate of these types of articles expecting AG to jump in. But I think he's walked away from the market. Also don't think the US will choose a hyperinflationary, roll the presses type bailout just yet. And othwerwise, more credit alone will no longer do the trick.