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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (20837)	4/30/2004 3:01:23 PM
From: sea_urchin	Respond to of 81267

James > the consolidation of mining companies and the financial readiness of the banking industry is a positive indicator Yes, but it should have happened long ago. Unfortunately for the gold price there are still too many companies which are trying to mine as much gold as possible and sell it at any price. It is only when the producers act in unison, in fact as a cartel like in oil or diamonds, and are prepared to withhold production, that "consolidation" has a chance of raising the price. Otherwise, it's merely a means to mine more gold at lower and lower costs and thus maintain profitability at lower and lower gold prices. > Chinese intentions to slow down economic growth but how do you stop a train quickly that is going 120 MPH? China is only the fourth largest economy in the world, yet it is spoken of as the first. > I don't see gold (worst case) going much lower than it is right now All depends how you look. If one is extremely bullish, as you are, then any fall in price is a buying opportunity and the more the price falls the more one must buy. One has only to read certain threads at SI or Kitco to see this sentiment being widely expressed.