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

To: Rarebird who wrote (58098)	9/12/2000 2:47:54 PM
From: long-gone	Read Replies (1) \| Respond to of 116762

Didn't you read what Ken & I were talking about? He wrote about it taking all these many years to close down the Homestake mine in Lead SD. I pointed out that at times during those years HM made a profit from the Homestake mine - though I believe it was only a month here & month there. If you had left the City in many years, you would have known that HM was also offering tours of the Homestake mine & you will recall I posted here about the write-off they were also getting for allowing reserch far below ground. The profit and loss of a single operation is not always as clear cut as the price of gold & silver would indicate. Tourism has also been down in SD the last year because of fires, gas prices, & more gaming outlets in the United States. When the tourists don't go to SD at all they won't spend any money to tour the Hopmestake mine.

To: Rarebird who wrote (58098)	9/12/2000 5:06:29 PM
From: Ken Benes	Read Replies (2) \| Respond to of 116762

Investors realize that any rallies in the pog are short lived and bound to fail. Isn't it absolutely amazing how tight the range is that gold trades in. I do not believe this to be case with any other commodity that I know of. It looks like the markets for interest rates and gold are so finely tuned that the volatility associated with these markets are history. It is incredible what computers and derivatives can accomplish in the name of productivity. Ken