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To: baystock who wrote (48810)2/11/2000 12:55:00 AM
From: goldsheet  Read Replies (1) | Respond to of 116779
 
> If I am not mistaken, you've been harping about all the new LOW COST gold supply coming on stream.

You obviously must have mis-read my post, since the LOW COST production is already on stream.
(Cortez-800koz@$48, Pierina-837k@$42, Meikle-977koz@$96, Yanacocha-1336koz@$95)

Also, I was talking about record mine production in 1998 (2555mt), 1999 (2569mt) and 2000 (maybe 2600?).
The new mines are replacing all the mines that have shut down and added a bit more.
This is pretty consistent with what the World Gold Council, GFMS, etc... have been saying.

> So is Deutsche Bank wrong again

No, they said "output from most new projects would simply offset declines in existing production, which was set to fall after 2002"
2002 is a different year than I have talked about, and I agree that mine production will probably be flat to slightly down by then.

P.S. I wasn't harping, I have no musical abilities at all ;)



To: baystock who wrote (48810)2/11/2000 9:01:00 AM
From: long-gone  Respond to of 116779
 
And so as to slow that wage inflation(just like the 70's?):
Silicon Valley catches Congress' ear with request for more foreign workers
Copyright ¸ 2000 Nando Media
Copyright ¸ 2000 Associated Press

Market Indices | Dow Jones Industrials | Internet Stocks | Most Active | Gainers | Losers | Company Sleuth

By BART JANSEN

WASHINGTON (February 9, 2000 8:10 a.m. EST nandotimes.com) - With a booming economy and tight labor market, high-tech employers like the Hewlett-Packard Co. are looking abroad to fill key positions designing software and equipment.

For Hewlett-Packard, recruiters comb through top U.S. universities for the best researchers, who are often foreign nationals. In some disciplines, half of the master's and doctoral students in the best college programs are foreigners.

A bottleneck, however, is that federal immigration policy currently limits the pool of potential employees and visas run out. The high-tech industry is (cont)
nandotimes.com