Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Fishfinder who wrote (389)	10/30/2001 10:52:48 AM
From: russwinter	Read Replies (2) of 39344

<Nova gold a bad word?> Stock up a lot here, and they are going to need those higher grade large intercepts to operate in this remote location. Which is not to say they won't continue to find it, but I'm inclined to pass. On marynell's commodity depression. IMO, prices now already discount a full fledged and fairly prolonged worldwide big D Depression (the negative 3-5% GDP variety). We are well below the cost of production on most metals, and that's not sustainable. I think the supply falloff will be the primary driving force. However, this Depression is of the financial excess variety and will hurt "western" paper assets more than hard assets. There will still be a great need for resources even in this environment, and especially should even faltering recoveries get underway.

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