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

To: Square_Dealings who wrote (63266)	2/4/2001 7:16:04 PM
From: long-gone	Respond to of 116767

<<The answer seems to be to reduce supply. Consolidate the mines, write down the assets and then put the squeeze on consumers and the banks. Gold price would skyrocket if supply was suddenly restricted. Thats of course why the banks continue to make the appearance that there is a large supply. My guess is they dump it to dealers who short the hell out of it, buy it back lower and then sell it quietly back to the bank until the next announcement. Then they do it all over again. >> Mike, sorry, but were demand to increase OR supply to decrease the effect woould be the same. IMHO - we need BOTH!