MIRAMAR MINING (MNG) 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 : MIRAMAR MINING (MNG)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William Jones who wrote (142)	11/11/1997 10:23:00 PM
From: Bear	Read Replies (1) of 457

It looks like gold will go lower before it goes higher, probably under $300. I don't think we're near the bottom. Copper also weak. Adrian Day says U.S. dollar will be very strong, which would be bad for the price of gold in U.S. dollars. People long gold stocks will need lots more patience. But things will turn eventually. The central banks will reach a point where they've loaned out as high a percentage of their gold as they can. The outlook for gold demand is good, and large central bank sales and leasing of gold are required to bridge the huge gap between demand for gold and the amount of newly mined gold. Bear

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next