To: John Pitera who wrote (24 ) 5/31/2001 3:49:05 PM From: craig crawford Read Replies (2) | Respond to Thanks I will check it out. I welcome any ideas on this thread about shorting commodities if it looks like the profitable way to go. We are starting to see increasing cutbacks in production with gold becoming less profitable to mine. With the consistently higher energy prices over the next few years output is going to slow even more. Of course this can go on for quite a while as long as above ground inventories pick up the slack, but eventually when the above ground supplies dry up it will take a while to pull more gold out of the ground. That will make for a sharp rise in price.Barrick's El Indio gold mine to close, cut output "With low gold prices, higher costs experienced in the first quarter, and the depletion of higher-grade gold reserves, we feel that this is a prudent course of action," Sergio Jarpa, vice president and general manager of Compania Minera El Indio, said in a statement.
