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


To: The Barracuda™ who wrote (43462)10/21/1999 10:45:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 116764
 
Robert,

Do you even bother to think things through?

If the prices were expected to continue rising, or even remain the same, do you think that producers would be citing rising costs of production for their decline in production?

Do you think that they would be slacking off their production if they expected they could still expect those prices to continue?

I wouldn't... I'd be producing like a bad dog if I thought that higher prices were the trend. Logic clearly dictates that manufacturers will produce so long as they think they can maintain pricing margins, but will slack off when prices come under future pressure.

So either you're not thinking the issue through, or you're fooling around.

If you're going to yank our chains, at least have the courtesy to put a smiley face behind your comments. It's simple.. just do this :)

That way we know that your inane statements are actually subtle irony or sarcasm.

Regards,

Ron



To: The Barracuda™ who wrote (43462)10/21/1999 1:24:00 PM
From: goldsheet  Respond to of 116764
 
> Prices starting to rise AND a decline in production.

No significant drop in primary gold production, along with expansions of several mines pending, combined with higher prices, leads to higher production. I expect 80+ million ounces for 1999, and the 1998 record of 82.1moz to be broken in 2000 - maybe 85+ million ounce ??