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


To: Doug Green who wrote (32885)4/29/1999 10:05:00 PM
From: Bill Murphy  Read Replies (1) | Respond to of 116760
 
Doug,

Then the inevitable disaster will just me that much worse because the essence of it all is very simple- mine supply is about 2529 tonnes and gold demand is over 4100 tonnes. Economics says that the price must rise so that there can be some kind of reasonable equilibrium price. The longer they keep the price of gold down, the more it is being rationed off at too cheap a price. Ying means Yang. Thus the longer it stays down, the bigger the move up.

Congress would be insane to let the disaster get bigger for our children.

Anyway, that sounds good to me.

Good nite.

Bill