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 105.34

+5.2%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (63295)	2/4/2001 11:29:46 AM
From: Square_Dealings	Read Replies (2) of 116767

russwinter: And on the flip side, should the price of gold go up significantly, the profits picture changes rather quickly. Fundamentally the odds are in favor of a weakening dollar/ increasing gold prices at this juncture. If I'm right a lot of boats will rise, some more than others. Support on the downside is right where you would expect it, with prices close to forcing widespread mine shutdowns, yet just at a level where the operators can scrape by. If the CB's allow gold to fall so far as to shut down the mines then they are really screwed imo. Maybe the mining co's already know this, but the absolute best thing to do for the price of gold right now would be to limit supply and close down half the mines. M.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next