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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (15601)2/24/2002 8:36:27 PM
From: Maurice Winn  Read Replies (3) of 74559
 
<Impressive increases in output had also been achieved by Mali, Argentina and Tanzania, where costs were below the global average. The mean production cost for Western world mines outside the big four producing countries was estimated at only US$100.>

Hmmm, looks like a gold short is due. Shorting the high-priced gold-mining companies might be the idea. I've never shorted something so that would be fun and imagine the gloating rights. I know gloating rights don't traditionally show up on profit and loss accounts, but they are an important part of investment returns.

So, would an Aztec like to point me in the direction of their favourite gold-mining companies [preferably one of those high-priced places, but the cheap ones might be even better because they probably have high-growth]?

If there's a bubble building in gold, it'll be as good to short as the irrationally exuberant bubbleonian dot.coms and telecosmic stocks.

Mqurice
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