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To: ItsAllCyclical who wrote (93623)8/13/2001 9:32:56 AM
From: Roebear  Read Replies (2) | Respond to of 95453
 
JimL,
""Economist declares gold is dead."

Thought the Barons piece was just as good an indicator, an Econonmist article would be too much deja vu for me, ggg.
Asked a couple of coworkers what they thought of the Barons piece (non gold investors, tech and blue chip) and they said "It's Bullshit" and then began reciting recent news articles about analyst calls being bullshit so that word is getting around out SixPack land, as these folks are not AVID/ACTIVE investors.

Also nice piece by Jude Wanniski on p.35 of Barons Other Voices column called "The Day of Infamy" about Nixon closing the gold window in Aug 71.

Two prominent gold pieces, one decidedly bearish, in Barons rates a notice in my book.

Best,

Roebear



To: ItsAllCyclical who wrote (93623)8/13/2001 11:05:55 AM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
Jim L - welcome back

I just read your comments to Tomass .... ditto.

So, The "Economist" now declares Gold is dead ?

...ye$$$$$$$$$$$$$$$ !

Amazing...

A little O&G Deja Vu - all over again here in the patch people ?

... the economist declares Gold is dead.

...Barrons throws in their spin

...longtime "closet" Goldbugs like Tomass finally throw in the towel.

- can it get any better than this ?

The Contrarian Sentiment indicator meter is redlined here (VBG).

I haven't scanned all the last couple of days posts here on the thread & I'm heading out the door here; but - is there a link to the Economist article ?

tia



To: ItsAllCyclical who wrote (93623)8/13/2001 11:09:33 AM
From: Tommaso  Read Replies (3) | Respond to of 95453
 
The article (which someone else quoted) just said $180. I have never heard of "finding" costs for gold the way that you always hear of "finding costs" for oil or gas in the ground. It seems to me that the annual reports I used to get from Agnico Eagle and Barrick would quote costs that were not that low, but a range of $200-250 depending on the mine.
In any case, in real terms, gold seems to get cheaper and cheaper to produce, when a company just shears off the top of a mountain and lays the contents on enormous pads, and sprinkles cyanide solution over it with something like lawn sprinklers.

Have you ever visited a gold mine?