How to best deal with KOOKS at this web site Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : How to best deal with KOOKS at this web site

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Iceberg who wrote (918)	7/20/1997 8:54:00 AM
From: Edward F. Horst Jr.	of 1894

Gold recently has been influenced by the Central bank sales and the speculation for more. ABX, whose production cost is $290 and one of the lowest, is hedged at $420 thru 2000. They believe the demand for gold, especially in the Far East, is much higher than reported, and much of the current levels is one of "perception" being created. Also, as the price remains ~$300, or lower, some mines may be closed and financing for new ones curtailed. This also creates a positive long term for companies with large reserves. I'm not a gold guru, but have been following it closely, and recently switched 25% from technology into ABX below $20. I've always found them to be a quality managed company and solid source for information to cut through much of the rumors and speculation. CNBC has been doing select inflation surveys of things we really use and found there is inflation and it is rising. Also, the EU currency unification is a big factor for gold in '97.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next