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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)
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To: mr. ed who wrote (208)10/7/1999 6:01:00 PM
From: Steve Johnston   of 350
 
The problem is that if gold hits $375 per ounce, and stabilizes, Wheaton won't be the only company looking at bringing marginal properties, and deposits, into production. The result will be a flood of new supply hitting the market. Unless there is a corresponding increase in demand (unlikely) then the POG must drop. Simple supply and demand economics really. Regards.
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