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

To: Ken Benes who wrote (34289)	5/20/1999 6:19:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

The demand is there. A renewed interest in gold as a store of value is beginning to form. Let the producers put up or shut up.>>> Ken with all nobel content of your post, allow for some scepticism... Major producers are making hefty profits, not loosing money, they are increasing their reserves on a cheap, not decreasing, they are killing their competition why would they revive it? You want $400 gold so Majors would feel the hit from juniors? Not untill they buy them all....oil was different-lot of money lost

To: Ken Benes who wrote (34289)	5/20/1999 6:36:00 PM
From: goldsnow	Respond to of 116764

AngloGold, the world's biggest gold producer, added 600 cents to 258 rand after surrendering 16 rand on Wednesday. Analysts said the gold downturn was not expected to affect AngloGold which hedges a large portion of its production. infoseek.go.com

To: Ken Benes who wrote (34289)	5/20/1999 10:52:00 PM
From: long-gone	Respond to of 116764

<<A renewed interest in gold as a store of value is beginning to form. Let the producers put up or shut up.>> You never answered the prior question I asked. Were you aware some producers sell forward for an inventory they mined? This inventory would have otherwise Hit the Market. I have far less problem(none at all) with forward sales conducted from their gold rather than borrowed gold. Most companies must borrow money in some form or another to takeover others or to continue to operate. Several are "saving" money in the form of gold and conduct their borrowing in the form of dollars pesos pounds...