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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (39907)	9/1/1999 11:43:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116984

Doug - you have a lot to learn about such basic things as share ownership, shareholders, etc. You say you only know one mining company - ABX - clearly you know very little about that company. d

To: d:oug who wrote (39907)	9/2/1999 12:50:00 AM
From: russet	Read Replies (1) \| Respond to of 116984

Doug, my friend, I think you should review your own tactics. I presented basic economic arguments for my position, and said why I thought the POG had fallen. You responded by attempting to denigrate my virtue. I, like you, I think, am trying to explain some very complex happenings, with some simple explanations. It pains me that you would call me a liar. Every picture, has many possible explanations. The purpose of this thread is to discuss all possibilities, without introducing religious fervor that precludes rational explanation. Gata has their beliefs, which to this date have no proof. My explanation is at least grounded in basic economic mathematics, if nothing else. I have posted my predictions and shown my rationale. Lets see who is right by watching over the next few years. It amazes me that you use Barrick as an example to illustrate your theory. That is the last company I would use if I was Gata. Less than 20% of their gold is sold forward. If gold shoots up, they would benefit greatly. They have the cheapest gold costs in the industry. Nobody can harvest gold from the ground at a cheaper cost than Barrick. Perrina can produce gold for $US45.00 per ounce, and has more than 7 million ounces of gold in the ground, proven,... and is open in two directions. Pascua has 20 million ounces of gold at an average production cost of $US150 and is open in three directions. In 1999 Barrick is expected to produce gold at an average cost of $US125 from all their mines,...thats the lowest in the world. Why does Gata pick the lowest cost gold producer in the world to attack. Perhaps they have invested in companies that cannot compete with Barrick. That make sense to me,...does it make sense to you. russett, just another idiot!