Pacific North West Capital Corporation-PFN on Alberta Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta

PFN 7.570

+0.1%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Claude Cormier who wrote (1367)	4/30/2000 6:46:00 PM
From: koan	Read Replies (2) of 2255

You make good points Claude and I didn't mean to misquote you. On some of the other subjects I will offer these observations: 1) Gold: flight to quality? - where/when? - we have had debacle after debacle with no reaction by gold at all. The fact of the matter is that there is a big overhang of gold, not big, huge and in addition to that you well know that the minute prices rise producers sell into the mkt like crazy. Bottom line, we have been in a 20 year bear mkt. I will say that if we were to have a big drop in the value of the dollar then I would expect a good price rise in gold, but not until then. 2) Palladium - I am well aware of the switch from PT to PD, however, PT and PD are already closing the gap and I could see PT passing PD which would not allow them to switch back to PD and makes the issue moot. PD is increasingly being used in the technology world as well. I would predict that the uses for the PGM's will just keep being invented. The bottom line is that gold was down to $274 on Friday and PT was up $36.60 to over $500 and PD was up over $25 to over $600. Those are the facts as they exist today and you know what they say " the trend is your friend", I know, pretty corny <g>. Last, the PGM's are precious metals themselves, so if the dollar drops and gold does move, the PGMs will probably still move with that move and move even better. PS, there are less PGM's in existence and it is harder to mine then gold, so they should have a higher price, it seems to me.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next