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


To: Gabriela Neri who wrote (686)8/22/1998 2:05:00 PM
From: sea_urchin  Respond to of 81137
 
Gabriela : You might find this article of interest.
bday.co.za

Especially "But, as the WGC - and others such as Anglogold's Kelvin Williams - point out equally frequently, the "real" market of supply and demand for gold has little to do with the financial or virtual market, where the activities of dealers and speculators are what actually determine the price. And much of the trade that has dampened the gold price over the past year or two has been on speculation about what the world's central bankers plan to do with their gold holdings."

Accordingly, mine output will have little effect on the gold price which is, what I presume, you are interested in.



To: Gabriela Neri who wrote (686)8/27/1998 12:49:00 PM
From: Bill Murphy  Respond to of 81137
 
Gold mining supply is very inelastic in the short term. Prices have little to do with the supply ( in the short term ). Frank Veneroso's 1998 Gold Book Annual deals with this subject in much detail.
However, at this point, all marginal projects are on hold, supply in the future probably will not increase as gold prices go up.

Bill