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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: nickel61 who wrote (2723)	5/15/2002 12:17:29 PM
From: russet	Read Replies (3) \| Respond to of 3558

Lots of theories and ASSumptions about gold moving the world through one conspiracy after another, simply because of its existence,...but not one shred of proof of a causal link. I have a bush in the back yard whose growth I suspect is strongly correlated to the increase in the U.S. money supply over the last 20 years. I'm sure the aliens have somehow linked the two (gggggggggggggg) Gold "nuts", the radical far right splinter group of us gold bugs, clearly feel that every human being goes about every day doing their business, with one eye on the price of gold. (I must admit, one of my eyes is on a commodity too, but it is the price of oil (POO). I wonder what physical property of gold causes this,...how the protons and neutrons are packed in the nucleus, which orbitals the electrons reside in, the spectral absorption pattern, the density, the secret mind altering vibrations coming from it?...perhaps because the aliens UFO's are made of it and the hulls vibrations brainwash all of humanity, but nothing else? I suppose if you sit typing conspiracy theories on your computer to this thread all day, you will stay out of trouble,...much needed therapy for you (ggggggggggg) Newmont stinking up the place with their quarterly earnings,...not getting much for their gold it seems, although their hedging helped them with a mark to market gain (gggggggggggggggg) Newmont has quarterly loss but gold sales up 5/15/2002 3:32:30 AM DENVER, May 15 (Reuters) - Newmont Mining Corp. (NEM) , the world's biggest gold miner, on Wednesday reported a quarterly loss as sales of the precious metal rose 13.5 percent thanks to higher prices. The company said it anticipated full-year earnings per share from operations of between 40 and 50 cents assuming current gold prices. Newmont said its average realized price for an ounce of gold was $291 in the first-quarter, up from $264 a year earlier. The Denver-based company had a net loss of $10.9 million, or 4 cents per share, for the first quarter after a non-cash mark-to-market gain from derivatives of $12.3 million after tax. This compared with a loss of $39.1 million, or 20 cents per share, after a mark-to-market gain and merger-related charges in the first quarter of 2001. The average analyst forecast was for earnings of 12 cents a share excluding goodwill, with estimates ranging from 7 cents a share to 24 cents, according to tracking firm Thomson Financial/First Call. Shares in the company dropped 6.4 percent to close Tuesday at $28.05, near a 52-week high of $30.50 reached earlier this month.

To: nickel61 who wrote (2723)	5/15/2002 2:01:30 PM
From: goldsheet	Read Replies (2) \| Respond to of 3558

It's one of those chicken-egg things: Did the government manipulate gold to keep interest rates down to make it appear they there was no inflation ? -OR- was the economy robust enough that it kept interest rates and inflation down, which was reflected in a high dollar and lower gold prices ? I tend toward the later conclusion. If I had to attribute the $150 drop from the peak at $400 to $250: $20 overshoot in an overheated 1993-95 rally $50 due to strong mine supply $20 due to Asian currency crisis $20 due to central bank sales $20 undershoot in gold bear market $20 to manipulation Almost all those factors are gone, except stong mine supply, so I keep coming back to a fair gold price (for now) around $335 with a chance we move back to an historical average of $360ish