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

To: long-gone who wrote (68049)	4/21/2001 12:53:21 PM
From: goldsheet	Read Replies (2) \| Respond to of 116761

RE: manipulation of gold price 2001 should be an interesting year. If mine production stays near 2575mt and IF demand continues to slow, maybe another 300mt to 3650, we will have a gap of only 1075mt. This can be easily closed by the historical average of 625mt of scrap and 450mt of central banks sales (already announced) There may be no need for forward sales, leasing, options, and all the other derivative tools allegedly used to manipulate gold prices. If little-to-none of the hedging tools are used in 2001, and gold does not go up, then one might conclude maybe the correct price for gold all along was in this current $250-300 area. We might have ended up at these price levels eventually regardless of what producers, central banks, and bullion banks may have done over the last few years to hasten the process ??