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

To: goldsheet who wrote (63172)	2/1/2001 12:42:44 PM
From: long-gone	Read Replies (1) \| Respond to of 116756

re: dbrsy Saw that, don't know, bodes well for PM's though.

To: goldsheet who wrote (63172)	2/1/2001 5:21:15 PM
From: Horgad	Read Replies (1) \| Respond to of 116756

Your posts on gold production continuing to increase are informative and thought provoking for a gold long such as myself. No doubt a solid bearish case can be built on those statistics alone. What I would like to know is what are your thoughts as to where this production is coming from? I am continually seeing news and reading articles as to how exploration is very low and as to how to higher costs mines are being shutting down. Is the increased production coming by ramping up production on existing known low cost mines or are the increases coming from new low cost mines? The reason I ask is that if the miners are closing down high cost mines, ramping up production on low cost mines, and not bothering to find new prospects isn't this long term bullish for the price of gold? The miners are essentially using up their best quality resources at the fastest rate possible during a time of low gold prices. Eventually these low cost mines will run out or become more expensive and then what happens? This seems long term bullish for gold, but not necessarily the miners who are using there mines with the most profitable potential and a time when the gold price is low...