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

To: russwinter who wrote (63980)	2/18/2001 6:15:35 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 116790

What I should do is come back here by July fourth ands see if the party has started. I think that by that date (five months or so from here) the yellow will still be trading under $300. Don't you think that a prelude to a move you contemplate should restriction on supply and thus reduction in output? In most other markets, that is what has typically preceded change in direction. This whether such change is artificial as in OPEC's reduction in output, or the deal signed between the aluminum producers preventing Russia from dumping its excess supply. Right now, with production still appearing to rise, and certainly not drastically reduced (I think that the most optimistic "reduction" for 2000 I have seen was 2.5% less than 1999, and that is not a "given".) Zeev