Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: TheSlowLane who wrote (11543)	5/19/2006 6:43:29 AM
From: Ed Ajootian	Read Replies (1) of 78410

SlowLane, thanks, I read the homework assignment and found if very helpful. I've known about Don Coxe for quite awhile but haven't read a lot of his stuff, not sure why. Looks like the copper market is similar to what the oil market was like a coupla years ago. The price of oil, after remaining around $18-25 for years, suddenly spiked up to the $40 range, and no one really believed the high prices would stick. Oil companies did not initially increase their cap ex budgets and were still using $20 oil for their budget purposes. I believe that is a good reason why we are seeing oil at $70 now. From a look at the copper futures it seems that folks believe that the price will settle back down, but only a little, and very gently. This kind of scenario would bode well for a company like Yamana.

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