Gold Price Monitor 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 : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alex who wrote (52696)	5/14/2000 8:25:00 AM
From: Ken Benes	Read Replies (3) of 116758

Alex: Investors in gold have little interest in eps, etc. They want leverage to a rising pog. If the price of gold is range bound, gold equities are not going to attract dollars. The banter of lower costs of production, higher cash flows is tantamount to relegating gold to the status of a cyclical and unfortunately cyclicals trade at very low pe's. Someone interested in those fundamentals will look elsewhere to invest their dollars. Even at this time, with a bear market looming, investors prefer the opportunities in technology than the unexciting returns available to gold investors. The price of gold is under 300.00 because the cb's want it there, the hedged producers want it there, and the market wants it there. Consequently, gold is and will continue to be a very poor investment as long as the producers masquerade themselves as fundamentalists and continue to be part of a group whose actions insure that the oversupply of gold will be with us for awhile. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next