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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

4:00 PM EST

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To: long-gone who wrote (88331)	7/25/2002 11:33:58 PM
From: goldsheet	Read Replies (1) of 116779

<<Here is an example of what I as warning folks about earlier this year. With improved gold prices miners are putting more resources into the reserve category. >> >Then not long ago you were sure the bear market was over. Can't have it both ways. You certainly have made an effort recently to read into my posts things that are not there. The ability of miners to move resources into the reserve category and eventually get it into production will be a factor in limiting the peak price in a bull market (probably under $400) I can say the bear market is probably over, based on the move from $250-to-310, AND say there is a serious resistance level at higher prices in a bull market. I just did ;) Do you think miners are not going to try to increase production to take advantage of higher gold prices and the increased production will not have an effect on prices ?

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