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

To: E. Charters who wrote (90085)9/27/2002 2:50:46 AM
From: Real Man  Read Replies (1) | Respond to of 116764
 
Well, as gold production starts to soften, miners will be forced to re-evaluate future production and cover outstanding hedges. I guess, bankers need all these gold forwards. Gold may consolidate more until November, but then we will be back to races. And this is just a reminder of what will happen to gold in the event of a dollar crisis. Dollar, of course, is overvalued by any means -current account, or budget deficit.
financialsense.com



To: E. Charters who wrote (90085)9/27/2002 9:34:26 AM
From: Professor Dotcomm  Read Replies (1) | Respond to of 116764
 
"Can anyone see a manufacturer of, say, cars..."

Strangely enough, this did happen in a way. Some 5 or 6 years back, the manufacturers had a leasing price war and, by offering cheaper and cheaper leasing rates, encouraged a huge glut of leased cars into the market.
Needless to say, when these leases on these models expired, the resale prices took a nose dive which in most cases were only 50-60% of the leased 'resale price'.


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