Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KyrosL who wrote (63317)	2/4/2001 7:47:14 PM
From: goldsheet	Respond to of 116753

> Bob, do you think that, before there is a sustained gold bull, a final washout is needed, where gold drops to around $220, and stays there long enough to shut down some production? Don't think we need a washout to $220, but two years at an average price of $279 just has not been enough to do the trick. We might need to see $250ish then grind along the bottom for months (even another year) to truly aggravate the goldbugs and get some of the miners to give up. I still do not think there is going to be a substantial reduction in primary mine production - waiting to see 2000 numbers.