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

To: long-gone who wrote (23683)	12/1/1998 5:15:00 PM
From: Zardoz	Read Replies (4) \| Respond to of 116762

Richard, I'm convinced that the US Gov is the buyer of gold today, as well as a few other days last month. It's the arbitrage between Europe Gold & currencies, and North Americain that is giving the impressions that Europe is controlling gold price. Noone wants to collaspe GOLD, especially the producers {maybe a few hedge funds, but they'll own offseting equity}. But Gold is NOT a holder of VALUE, nor is it's asset valueation that the market places on it likely to hold. It offers ZERO growth, and suffers from economical growth. There is no conspiracy to demonetarize it from the US. But there is excess supply in CB. It has a demand & supply curve, that actually meet in the $260 range. It cost $220 or less to produce, and should not have a 30% plus surcharge. {in a 10% growth economy}. Change the way you evaluate gold, and you'll see... IT'S OVER VALUED! Barrick gold SHOULD NOT be making 25% of their earnings from forward selling. They are the first to say that, and so I repeat it here. Compare their previous amounts from forward sales, and this years. The fundamentals are negative Gold, gold stocks, should be traded as often as you can.