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

To: russwinter who wrote (63295)	2/4/2001 11:29:46 AM
From: Square_Dealings	Read Replies (2) \| Respond to of 116764

russwinter: And on the flip side, should the price of gold go up significantly, the profits picture changes rather quickly. Fundamentally the odds are in favor of a weakening dollar/ increasing gold prices at this juncture. If I'm right a lot of boats will rise, some more than others. Support on the downside is right where you would expect it, with prices close to forcing widespread mine shutdowns, yet just at a level where the operators can scrape by. If the CB's allow gold to fall so far as to shut down the mines then they are really screwed imo. Maybe the mining co's already know this, but the absolute best thing to do for the price of gold right now would be to limit supply and close down half the mines. M.