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Gold/Mining/Energy : ECM.VSE - El Callao Mining.
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To: Richnorth who wrote (769)6/25/1997 7:11:00 PM
From: virginijus poshkus   of 1253
 
Rich, thanks for the fine post. the price of gold is confirming the thoughts of much of those holding gold. That is that the price is about to go lower. It seems there are no buyers at these levels because the expectation of a lower price. $325 would not be out of the question in the next couple of months. this has its positive aspects as well as negative. positive, less gold production becuase of closing of mines, negative, lower price means lower profits and subsequently share price.

vargas
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