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

To: ItsAllCyclical who wrote (93646)	8/13/2001 12:23:17 PM
From: Tommaso	Respond to of 95453

I didn't say gold was going to drop to $180. I just say that if someone can produce it at that price, it's not likely to rise much because every rise stimulates new projects that are ever more efficient. I am HOPING that gold will make a year-long spike to about $350, for whatever reason, so that I can get out of my gold positions. I think now I could even drive to Canada and resell my Maple Leafs. But I am not very optimistic that it will.

To: ItsAllCyclical who wrote (93646)	8/13/2001 5:07:25 PM
From: t4texas	Read Replies (1) \| Respond to of 95453

jiml you are correct i remember rdc's palmer being very negative on tv back in early 1999. your comment, ("As for you last point you may not even be correct there. At the start of the energy cycle the E&P execs and major oil execs were for the most part very negative and they knew the business. Same in the gold industry. Hard to find to many CEO's saying gold is going to $350+ anytime soon.") is correct. e&p ceo's could not call the turn then any better than chip ceo's can call the turn now. i bet many gold mining ceo's have gotten tired of being wrong calling any turn in the price of gold.