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Gold/Mining/Energy : Gold Price Monitor
GDXJ 120.00+2.0%Dec 22 4:00 PM EST

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To: Henry Volquardsen who wrote (13084)6/15/1998 5:50:00 AM
From: long-gone  Read Replies (1) of 116822
 
henry,
with gold prices at current lows, mine production is at historic lows.
teh 13.8 year figure is based on(I believe) last year production figures.
If demand were to increase to a greater level, production could follow,
at least to some extent.
What I was getting at was that gold production is at a recent low.
We have no idea just how much lower mining can get and still exist.
richard
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