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

To: Winkman777 who wrote (34215)	5/19/1999 6:11:00 PM
From: goldsnow	Respond to of 116764

This is very simple...CB do not owe any stocks only gold... Individual Investors who were spooked to sell did so... Not many people left to sell....after all senior's profits (real profits) are growing despite POG fall...and prospects are phenomenal

To: Winkman777 who wrote (34215)	5/19/1999 6:41:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

While traders speculate that gold mining companies also are selling metal to lock in prices before they fall further, some producers say it no longer makes sense to sell future output in competition with supplies from central banks. ''Reserve banks are basically sellers and therefore there's not a problem with supply,'' said Arthur Ditto, president of Kinross Gold Corp. in Toronto. ''We have stopped selling gold in the forward market -- in the futures market. Prices are just too low. We will start selling again only if the price goes above $300 an ounce. Then it's of interest.'' quote.bloomberg.com