Precious and Base Metal Investing 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.

Gold/Mining/Energy : Precious and Base Metal Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (6433)	12/30/2002 12:16:37 AM
From: Claude Cormier	Read Replies (1) of 39344

<Those were bubble prices similar to the dot.com era, tied into a strong hysteria/greed cycle. > I don't think it was a very big bubble. Gold had been above $380 for two years and reaching $400. It was perfectly normal for stocks with gold in the ground to sell at $100 or so per ounce. It will happen again and stocks with 3M ounces of gold in the ground will sell easily for $300M when gold is at $400. At the moment they are selling for $30-$60/oz depending on specifics. When gold is $400 they will sell for $90-$120 on the same specifics. Its mathematical.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next