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

To: Alan Whirlwind who wrote (14080)7/3/1998 9:17:00 AM
From: Enigma  Respond to of 116764
 

"Gold is not that cheap in a lot of countries that count." -True but that goes for the DJII in every country - whether it counts or not! Yet people seem to be piling in day after day. E



To: Alan Whirlwind who wrote (14080)7/3/1998 12:26:00 PM
From: PaulM  Respond to of 116764
 
Hi Alan, that's a fact I didn't know, but I meant that since SAFrica, Indonesia and Austrlia are major gold producers--SA is bigger than the U.S.--the relatively expensive gold price in those countries makes for price increase resistance (i.e. producers have an incentive to hedge).
They count in a bad way.


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