Gold Price Monitor 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 : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bobby Yellin who wrote (10093)	4/17/1998 9:08:00 AM
From: Brian MacDonald	Read Replies (1) of 116782

Right now they are at bargain prices and eventually will rise to much higher levels. Inco has to do something to stem the hurting. Falconbridge is going gangbusters in the Raglan - and may even be planning to double production (so the rumour goes). Meanwhile, Inco is cooling its heals in Voisey - talk about a costly venture with no daylight. Big mines cost big money. Much of the cheap stuff has already been worked at. You will have to pay the price or get left behind. Any other scenario is deflationary and that will only last so long. Once companies begin to lose money on every pound of material they produce, the bleeding will eventually have to be stopped - unless they are subsidized by a government. These are long-term things. Don't bet the farm that this will change soon. Remember that in the long-run we're all dead.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next