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 109.23

+3.7%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (54156)	6/13/2000 9:57:00 AM
From: Zardoz	Read Replies (1) of 116781

<<The gold producers have less of a standard to live up to then the FRB. >> I suggest you understand my comments again: {with reference to gold producers} So what makes you think that they haven't been playing with reserve asset valuations for years? It's amuses me at how often, and without further drilling, IP etc that a gold producers such as NEM can find addition over looked reserves of gold. All in an attempt to increase book value. Yet all they do is move semi non-economical gold deposits across the statement sheets into economical gold deposits when the price of OIL or gold moves a few dollars. When you are talking financial statements you are talking the biggest parlour game of all times. To assume that GAAP is of a higher standard then FRB audit is.. well foolish. You wish to draw a line and defend gold producers, then do so for ALL producers and hedgers. Cause in your opinion they all meet the same standards. GAAP. Hole must be drilled, but not necessarily reported. Production must be made, but earning need not be positive. Most producers are trading based on reserves assets... now figure out the rest. Hutch

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next