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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.23

+0.6%

Dec 16 4:00 PM EST

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To: marynell who wrote (65415)	3/11/2001 11:30:24 PM
From: russwinter	Read Replies (2) of 116815

A good model for your question is the energy industry. The jury is still out, but things aren't turning around that fast. There are labor and talent issues, there are big infrastructure and retooling issues, and a lot of "safe territory" has already been explored. Production will eventually turn up, but grudgingly. I think it could even be tougher for miners. The cat is really out of the bag for them. All the people laid off in that industry have probably gotten on with their lives. Can you imagine getting a call after five years asking if you'd like to drill holes in some dusty hill in Peru? I think I know the answer. I've told my bright son who is going off to college, who likes geology and business and exotic places to look into the exploration field. By the time he's out, he could probably land a good job. Won't be much competition.

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