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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM)
AEM 214.54+0.4%Jan 23 9:30 AM EST
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To: Robert J Mullenbach who wrote (264)6/10/1999 9:45:00 AM
From: Yogizuna  Read Replies (1) of 1612
 
Bob,
If I were in gold management, I would do all that I could to slow down the selling of gold at these prices and curtail or even shut down some operations. The gold management strategy of lowering production costs and selling all the gold they can mine is simply NOT WORKING. Look at the price of BMG for example, and there is a management team that brags about increasing production at a low cost.
Is that strategy working? Just look at the price of their stock. It is high time that we face the unpleasant fact, that most gold management stinks, and STINKS TO THE HIGH HEAVENS!! When will they change their unbelievably stupid strategies? Probably never. Yogi
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