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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (93601)	8/12/2001 9:39:38 PM
From: isopatch	Respond to of 95453

Tommaso. RE: <...nothing ever happens"> HELLO!! Where were you in April and May while the smart money here was making big profits in the gold stocks?? Are you denying that very profitable rally "happened"??!!! Guess the answer that you need to get behind is the leadership on this thread. With the right stocks? Then PROFITS "will happen" FOR YOU!!<G> End of story. Isopatch

To: Tommaso who wrote (93601)	8/12/2001 10:37:56 PM
From: Frank Pembleton	Read Replies (2) \| Respond to of 95453

Tommaso, I like gold for the same reasons you like silver, only I have both in my portfolio. BTW: There is very little gold left at the price you are talking about, most mining companies are working to pay creditors, and they're not exploring new territory. Kinross said it produced 233,722 ounces of gold at a cash cost of $191 an ounce, explain to me why they lost 3 cents a share in their last quarter? What if Kinross shut the doors, do you think the price of gold would go down or up? Did I mention a 1500 ton per year supply shortage? The reason for this shortage is because the price is to low, believe me there wouldn't be a shortage at $2000 per ounce. There needs to be a higher price to bring supply up to demand. Do we need to talk about the gold carry trade? The currencies of countries like Turkey and Argentina? The over-valued U.S. currency? Tommaso, you're a smart guy and I suspect you're just playing devils advocate... Regards Frank P.

To: Tommaso who wrote (93601)	8/13/2001 9:18:33 AM
From: ItsAllCyclical	Respond to of 95453

Duplicate (EOM)

To: Tommaso who wrote (93601)	8/13/2001 9:19:24 AM
From: ItsAllCyclical	Read Replies (3) \| Respond to of 95453

>> The reality is $180 an ounce. << You're confusing finding costs with net costs. Many E&P's tout their costs in the $6-8 range, but we all know they're not really profitable until $15+ oil. KGC for example has finding costs on average of $180-210 at many of their mines, but they're not really profitable until gold goes over $290. If KGC had $100 of profit at these levels it would be a $5+ stock (look back when gold was merely $400). Send in your thoughts to the Economist and maybe we can get the magnazine cover that gold bugs are looking for: "Economist declares gold is dead - Tommaso uncovers the ugly truth that miners are hiding massive profits at $270 gold.".