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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.63

+3.0%

Dec 19 4:00 PM EST

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To: IngotWeTrust who wrote (74346)	8/2/2001 8:02:11 AM
From: russwinter	Read Replies (1) of 116818

<Only when you've helped feed a frenzy of accelerating POG/POSilver> Actually, I tend to agree (opinion) with you that higher prices, especially if significant, could very well feed demand. Frenzy? Why not, PM's certainly have the allure to be grist for cocktail party conversations (but only after a big run). It's the nature of modern trend following markets. My iceberg theory (IMO, a fact <g>)relates to the supply side (not demand) of the gold market. In my work (and I really feel I've studied the facts: you'd have to go back and read my old posts at my normal haunt:http://www.siliconinvestor.com/subject.aspx?subjectid=33190) the water needs to start warming up considerably or the production side of the equation steadily melts. The hedging heroin fix is also wearing off, and the drugs now on the street (forward prices: 2003 is 280, '04 is 290, '05 is $301) aren't strong enough. futuresource.com As far as LC and ABX? Well, that's just a gut (opinion) and nothing more. It strikes me as a NDY (or AU) project. And actually I'm out on a limb concerning LC as a viable project, as most don't see it as so. IMO, a lot to overcome at these prices. One is a billion dollar plus capex to handle enough tonnage.

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