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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (14819)	2/10/2002 11:08:58 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

<My guess is that the big stocks of gold will be fed into the market when/if gold gets to $350 to $400 an ounce. > WAY too cheap.... if they do that it's for a reason other than to make a 'good sale' IMO: Message 17043463 DAK

To: Maurice Winn who wrote (14819)	2/10/2002 11:55:25 PM
From: AC Flyer	Respond to of 74559

Mq: I am less sanguine than you on the prospects for POG. ALL existing mines will stay open at POG of $325 and numerous new projects will be economically viable at that price. Also, at $325, existing producers would be highly profitable, leading to massive forward sales. Central Banks also have access to similar data to that published by Brook Hunt, so CB sales resume at POG above $300. $325, give or take, is an absolute cap on POG for the foreseeable future, imo. The recent price spike is the result of a widespread attack of Enron-itis, which will completely dissipate over the next few months as economic data becomes less ambiguously positive. POG will return to sub-$290, again imho.