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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?


To: Robert J Mullenbach who wrote (289)7/9/1999 2:44:00 PM
From: Yogizuna  Read Replies (2) | Respond to of 1612
 
Bob,
"Oil and gold have a strong historic correlation".

That is true to some extent, but when is the last time we had the opportunity to see gold double in value, 1979? It would take some very major shaking up of the current mindset out there and the prospects for the future to see gold double in price. Some day it will happen again of course, but with gold management trying to constantly find cheaper ways to mine gold so they can give away their assets practically for free, it may be a long time before we see anything like that happening. Yogi