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

To: goldsheet who wrote (61991)	12/14/2000 12:51:40 PM
From: goldsheet	Respond to of 116762

RE: Gold Supply Was watching a show on the History Channel on "Gold Mines" and they mentioned that over 90% of all gold ever mined was mined since 1848. I have previously commented about 50% has been mined since 1960, due to low cost heap leaching combined with higher gold prices. This got me to thinking about the California Gold Rush, an event that transformed America, and I wondered how much gold was actually mined. The peak year of 1852 was 3,932,631 ounces (a little less than Newmont currently does annually). During the peak years from 1848-to-1861, a total of about 30 million ounces was mined. It does not seem like much today, but it sure made a major impact back then.

To: goldsheet who wrote (61991)	12/14/2000 1:00:11 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116762

Bob: The dollar index is plunging today (down about 1%). But gold not only has hardly responded, it is now down 30 cents. And this after dropping nearly 6 bucks the last few days. If a plunging dollar cannot move gold significantly, hard to see what will. I hate to admit it but GATA may right after all even if their so-called equilibrium price of $$600 is way too high. Now I am not saying gold and gold shares should be dumped. But I am saying that the upside potential looks quite limited as long as the "boys" maintain control.