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Gold/Mining/Energy : Crystallex (KRY)
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To: Graystone who wrote (8814)6/11/1998 11:16:00 AM
From: bill  Read Replies (1) of 10836
 
I don't see what there is to be happy about with a stock that has
fallen from around 32.00 to 17.45 cents and if the price of gold continues down as some predict, the drop won't stop there. KRY, along
with a lot of other mining companies, might be doomed simply because they can't produce gold under 200 dollars an ounce. If gold stays
down there isn't going to be a banker anywhere who is going to
finance gold producing companies. They'll cut off the money as they did at Bissett. Right now I have the awful feeling that we're
in the situation where we've got products (oil, gas, base metals)
that no one wants. Garage sales may be fine for old furniture
but not for natural resources.It may be for the next while the
luckiest are those who don't own any mining stocks. We may end up all crying together.
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