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Gold/Mining/Energy : At a bottom now for gold?
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To: Roebear who wrote (905)11/15/1997 10:59:00 AM
From: hedgehog  Read Replies (1) of 1911
 
Roebear,
In speaking with an insider at Placer Dome Inc., they are forecasting a gold price of $250/oz in fiscal 1998 and basing their exploration and operating cash cost decisions on this. In the longer term, I believe they are looking at 2000 to 2002 for the POG to hit $400/oz again. This tells me that accumulation @ present levels may be a bit premature and waiting a few more months should provide good buying opportunities to accumulate stock at or near their bottoms. Your thoughts? Regards, Nick.
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