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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Enigma who wrote (2860)2/19/1999 4:49:00 PM
From: Syncrude  Read Replies (2) of 3282
 
DoubleD, (OT)

Your reference to per capita figures does NOTHING for the price of gold. Yes, the world's population has grown, but FEWER people want gold. You better get used to lower gold prices. The focus of mining companies is to reduce COSTS of mining, given the little hope of SUSTAINED higher prices for the output. Mining companies keep punching holes in the ground all over the world and keep coming back with HUGE deposits. Gold is being produced at rates never seem before and more mines will come on stream over the next few years. All of it is being added to INVENTORY.
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