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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (1683)7/22/2001 1:23:30 PM
From: goldsheet  Read Replies (1) | Respond to of 4051
 
I think you missed my point, the industry has a long-term historical track record of fooling us. Just when we think it is over they come up with another mine, another method, another idea, etc .... You will eventually be correct, because gold is a finite commodity, but it is going to take a lot more time than "absolutely certain" calculations predict. You have been saying production will go down for several years now, but so far the data has indicated otherwise.

P.S. Claude is correct, you do have the research for a great "gloom and doom" essay for Gold Eagle.



To: russwinter who wrote (1683)7/22/2001 1:39:10 PM
From: goldsheet  Read Replies (1) | Respond to of 4051
 
> Miners "resilant"? Disagree strongly

Thanks for jumping on my typo - "resilient"

The gold price dropped almost 50% and only a handful of firms went Chapter 11 (Royal Oak being the biggest) and only 2 (Cambior and Ashanti) got in serious financial trouble (so far) Pretty damn resilient if you ask me. Miners are like vampires bitten by the goldbug, you have to drive a stake though their heart to get them to slow down. I don't know what you have to do to get them to stop mining ;)