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

To: lorne who wrote (73731)7/20/2001 6:00:40 PM
From: lorne  Read Replies (1) | Respond to of 116900
 
"1. An investment in gold should be based on macroeconomic considerations. If one expects or fears rising inflation, destabilizing deflation, a bear market in stocks or bonds, or financial turmoil, gold should do well and exposure is warranted."
By John C. Hathaway from Tocqueville Asset Management L.P [7/20/2001]
Full story >>>
investavenue.com



To: lorne who wrote (73731)7/20/2001 6:41:42 PM
From: Square_Dealings  Read Replies (2) | Respond to of 116900
 
From that NEM press release-

"The company said production in the quarter was the lowest of any quarter this year due to mine schedule changes in Peru and a shutdown at its Nevada operations, but it still expects 2001 production and cash costs to meet forecasts."

More mines shutting down, higher costs of production, and potential miners strikes would seem to be a good recipe for higher gold prices and higher lease rates in the future...

M.


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