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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: isopatch who wrote (93562)8/12/2001 7:00:20 PM
From: rails99  Read Replies (1) of 95453
 
Iso:

Re.: S. Africa Gold- Bloomberg Financial News has article on gold decline in SAfrica. Essence was labor accord will accelerate a decline in output, labor is 1/2 of costs, bullion at 20 yr low.

Also: Producers "may" cut back turning reserves into resources not worth digging; 1/4 of SA miners may carry HIV virus; Plus other bearish news for the miners on a near term basis.

The main thing I get from the article is long term bullishness for POG is a direct result of the strike and resultant higher wages- someday.
Best Wishes;
Rails

PS: Great weekend, so far. Good to hear about the super soccer man.
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