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

To: Enigma who wrote (60518)	11/4/2000 11:22:10 AM
From: Alex	Read Replies (1) \| Respond to of 116779

Hi E. My concern is the following. Every forward sale of an ounce of gold leads to that ounce being sold after it's borrowed from a cb. This can only lead to a lower pog, well below the total replacement cost of most producers. This is reflected in reality, not only by the pog, but also by the stock price of the miners. It is only my opinion, but at some point in time, this insanity has to end, or else much of the gold sector will be destroyed. These tactics have already led to twenty year lows, what else has to happen to lay open their futility?

To: Enigma who wrote (60518)	11/4/2000 11:32:01 AM
From: Square_Dealings	Read Replies (1) \| Respond to of 116779

<<Maybe we will get some monolithic producer through mergers - but even then it will be hard if not impossible to corner the market - and it would be counter-productive - and lead to government sanctions. >> I think we are seeing major shakeout in the industry and smaller companies are going to get absorbed into bigger ones. The consolidation will give strength to pricing and more importantly -supply controls. That's all they did with oil is to stop pumping it and the price went back up. But you cant control the supply until you get agreement between the producers. And if they can't agree then some will go out of business or be forced to sell out on the cheap. The dollar is getting ready to come down and so you are seeing some last minute shakeouts in all the gold miners. I believe there is a campaign to scare out all share holders of the smaller SA mining companies last couple days. Like GOLD DROOY HGMCY. Shaking hard, with whatever tactics they can. M.