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: goldsheet who wrote (69529)	5/19/2001 11:22:55 AM
From: long-gone	Read Replies (2) \| Respond to of 116900

<<Beatrix scheduled to reopen May 20th, which means it should have very little impact on production.>> It was just enough to rattle the shorts. Did you pick up that BoE was considering stopping further sales? I'm sure it is related to Blair's calling for an election & the sales will resume as soon as he's back in. Question is, will this price spike drive a great enough demand change in gold as an investment prior to the BoE sales resuming??? There are scattered reports growth funds are picking up gold bullion as they must be invested - exposed to hottest sectors. Problem is growth is a fickle whore. What we need is the desire of the investing public to hold gold long term as a way to diversify and a greater availability of precious metals investment vehicles(decent cost) on the job to the average American & Canadian. It seems a broad based desire has just begun. Will the mutual fund retirement investing industry, at last, bring forward products whose cost is not excessive & will they be broadly offered? There is a liability issue for any company who limits their people's ability to diversify "enough", though is not broadly court tested.

To: goldsheet who wrote (69529)	5/19/2001 1:10:37 PM
From: dean poets	Read Replies (1) \| Respond to of 116900

I have previously informed people to stay away from Cambior, because they have basically hedged 90% of their production. Here is a statement from the most recent quarter. "The government of Guyana agreed, on May 11, 2001, to a reduction in the royalty paid on gold mined from the Omai mine from 5 per cent to 4 per cent, as long as the price of gold as referenced by the London Daily Fix does not exceed $280 per ounce. This reduction is effective May 15, 2001." The recent run up in Gold is already hurting Cambior's finances. This is one Gold mining company to avoid.