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

To: Ken Benes who wrote (69403)	5/18/2001 9:40:18 AM
From: russwinter	Respond to of 116791

<Barrick to speak at the Goldman Sachs mining and mineral affair.> Barrick and Goldman Sacs: this is a word association exercise is it not, almost like those images psychiatrists use? When you see those words, you think gold bear market. To me, I see road kill in my headlights.

To: Ken Benes who wrote (69403)	5/18/2001 9:47:22 AM
From: long-gone	Read Replies (2) \| Respond to of 116791

Geez Ken, how F'n perceptive, How much money did you make on this pullback?

To: Ken Benes who wrote (69403)	5/18/2001 10:24:34 AM
From: long-gone	Read Replies (1) \| Respond to of 116791

hehehehe I'm showing this massive pullback is xau +.12 & hui + .47. How do shorties like you make money on these deals? Ken, once anything is higher this many weeks in a row, it is a trend. What is it the experts say about trends?

To: Ken Benes who wrote (69403)	5/18/2001 12:29:16 PM
From: Greg Ford	Read Replies (2) \| Respond to of 116791

I agree with you Ken. Look at how the stocks have moved relative to a 10 to 15 dollar move in gold. We are only talking about $275 gold. The problem for gold is who will buy it. 1. The shorts on Comex have covered. 2. Hedge funds are flat to long gold. 3. Demand will fall off as prices move higher. 4. Hedgers who are holding back will sell gold at the first sign of weakness. 5. Don't forget the central banks. The key to a sustained price higher will be reduced production and possibly a weaker dollar. Producers have to reduce marginal production. Hedging will continued but will be affected by the high lease rates and lower interest rate environment. What could take gold higher. The GATA and short gold conspiracy crowd are dreaming if they think it is short covering by bullion banks. I have a tough time seeing gold sustain these levels let alone move higher. Even if it does where is the higher price $285 maybe. The last time we saw that was in July 2000. We need less production. We need to see marginal producers out of business. We need two to three years before we can see sustained higher prices. That being said I hope I am wrong and all the gold bulls are right. Just call me pragmatic. Greg