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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: randy kay who wrote (8222)	11/17/1997 8:29:00 AM
From: Zeev Hed	Respond to of 18056

Randy, taking off the future supply of gold a chunk of 200 MM ounces (or whatever the then floating number was) should have been bullish for gold (less future supplies), yet it had no inluence on the price of gold. Mind you, I am not saying gold has little value, it has a value as an industrial commodity and as such will vary in price according to the supply and demand. As gfold goes down more Afrikaners are closing mines and at least the less prifitable shaft, this will start and put a crimp on supply and the price will rise. George and company want to make sure that does not happen (VBG) and therefore they are looking for vast deposits of cheap gold to make sure supply always exceed demand. Or at least they hope to make a little killing when the market will put outrafeous valuation on their find. Watch a little puppy being beaten to pulp today when the promises are not delivered (IPMCF). Zeev