Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (35185)	5/1/2002 10:51:40 AM
From: nspolar	Read Replies (1) \| Respond to of 52237

Joan, my reference to the 350 was in response to your reference that it would take 450 to get new exploration going again, i.e. <We need $450/oz gold for these companies to invest large capital in exploration.> This is what you stated. Kinross CEO said 350, in reply to that exact statement. And I believe he also followed that up by saying it would have to stay there a spell. In other words they have to know it is more than temporary. Was in the local paper here. I did not say it, just repeated it. Kinross operates a large mine just a few miles from where I live. Exploration and extraction are two different things, per my way of thinking. Buying existing mines is not exploration, as you indicated. I hope demand of gold temporarily is high enough to drive the ST price much higher than 450. And I think it will be. I'll bet you do too.