Silicon Investor (SI) -- The First Internet Community

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 : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Gold who wrote (15153)	6/9/1999 2:11:00 PM
From: Richard S. Gates	Read Replies (1) \| Respond to of 25548

Mike: This is a great concern to me because I see this possibly becoming a trend for some time now since the banks in many countries will be dumping gold for equities, etc. IMHO there is nothing to prevent gold from settling at a level such as $225.00 or less. This may sound preposterous to some, but with selling pressure like what could happen, the floor is the limit. Sorry to shed my potentially negative outlook on everyone, but full disclosure is best. What this means to investors in gold mining stocks is obvious. We may well get hammered by the gold market in the face of good news in the ground at Lipangue & LDM. There has been a price deflation in most metals for about one and one half years now, and short of taking metal off the table (ie. shutting down production) the metal prices should remain under pressure. What do you think Mike? The Gipper