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

To: tyc:> who wrote (43778)	10/25/1999 9:26:00 AM
From: Enigma	Respond to of 116756

Why would anyone be bullish on gold if it costs $400/oz (your quote) - because it's a precious metal!!!! If you'd said it cost $50/oz to produce your argument might have had some merit? d

To: tyc:> who wrote (43778)	10/25/1999 9:29:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116756

Creeping along the floor - or clinging to the ceiling?: kitco.com d

To: tyc:> who wrote (43778)	10/25/1999 9:42:00 AM
From: Bobby Yellin	Respond to of 116756

In such a situation, don't you think that the Central Banks would quickly review their options ? then it would be too late..that is why I think they will continue to use gold as insurance and also as independence from other central bankers in the jungle Goldsnow describes

To: tyc:> who wrote (43778)	10/25/1999 10:16:00 AM
From: Robert Dirks	Respond to of 116756

>>>Last week in Denver an officer of Placer Dome said that when you include ALL costs including exploration, the true cost of gold needed a price very much higher than the current one. (I think he mentioned $400 +). That being so, why would anyone want to buy the shares of gold-mining companies ?<<< Very good question. I believe that the POG will go much (Much) higher in a very short period of time, when, that is impossible to pinpoint (you have to be in at all times). I only have part of my investments in Gold Stocks. You want to own producing companies with the most leverage to the POG. In theory these companies will be valued enormously with their reserves in the ground with POG soaring. Can this happen? Well ask yourself can an internet startup with $20. in loses hit the market, and in one day be values at $15 Billion (Or the same value as 1/3 of all the GOLD Mines in the world) ??? Yes Yes Yes ............