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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (8320)	2/25/2002 11:22:29 AM
From: Louis V. Lambrecht	Respond to of 36161

Or seen another way, those mines who are still in production would near $136 while the others would be closed. Isn't this the whole game in the current consolidation? Dunno either. Waiting for the last quarterly gold stats and for some announcements of the WGC in April. They might present gold as a placement if I remember an interview cbs.marketwatch.com Chris Thompson: Much debate has taken place in the industry about whether we should only promote jewelry or investment gold as well. It tends to be the young bucks who want only jewelry. Those of us with gray and old gray hair are much more aware of the world's insecurities and cycles. I hold the investment portfolio at the World Gold Council and we have a plan under construction to promote investment demand. It will, I promise, be more effective than the jewelry effort and will be unveiled in April. Cross my fingers.<g>