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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (93594)	8/12/2001 9:22:38 PM
From: Tommaso	Read Replies (4) \| Respond to of 95453

I don't know, but if companies can produce gold for $180 an ounce and sell it for close to $300 an ounce, there's a pretty good incentive to go on producing it. And that is going to put a cap on the price. Maybe you could spell out one more time where all this speculative demand for gold is located. I mean, who holds what kind of unhedged contracts against what. I keep hearing of these huge gold short positions but nothing ever happens. To me, it seems like it may just be another of the myths attached to gold. The reality is $180 an ounce.