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 128.07

+0.7%

Jan 16 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: baystock who wrote (15974)	8/16/1998 7:00:00 PM
From: Daytek77	Read Replies (1) of 116893

You might want to read the comments in its entirety before you make your statements. The newsletter writer was stating that his index which includes juniors is down 85% to the same level as 1974, which is comparable to the 1929 crash in DOW stocks (down 89%). The XAU is down less than that because it excludes junior mining companies. As for the juniors they have been in the forefront of international gold mine exploration for some. The effects of the lack of exploration in the last 2 years will have an impact in the near future. It is through the efforts of companies like Arequipa that producers like Barrick can now boast about the Pierina mine about to produce 750,000 oz of gold at a cash cost of $50 per oz. FYI Arequipa was purchased by Barrick for $1 billion in 1996. Here is the link to Bobby's post again FYI. Message 5509647 Tony

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next