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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (90822)	10/29/2002 11:45:45 PM
From: long-gone	Read Replies (1) \| Respond to of 116814

<<I remain under the impression the primary objective of gold mining companies should be gold mining. >> You miss the point, though, that the primary objective for any investment is the reward of the investor. <<Marketing (IMHO) is a waste of money (more so than dividends) for commodity producers. It belongs further down in the supply chain, paid for your local Zales. >> You forget that both Anglo & Harmony have jewelry arms. You would have the industry forsake the diversification & resulting(good) profits from these endeavors? All major mining firms are also members of the WGC. The bulk of marketing dollars spent by the world's mining firms(excepting the jewelry efforts mentioned prior) fund the WGC whose attempts now promise a more fluid method for US investing in bullion. You would suggest these efforts should be dropped as well? Despite your opinion on marketing of commodities, marketing & research monies have greatly improved demand & sales of soybeans. Are you now suggesting there will never be another new use for gold? Are you forgetting the burgeoning conceptual uses of gold as catalysts from the conference in S.A. last year? <<Disclosure: dumped GFI today>> Then I take it you have given up on your(near term?) prediction of 72-75 XAU? And I quote "Upside looks more like 20-25% (XAU72-75), making the reward-to-risk ratio acceptable." Message 18140709 Is this how you obtain your high advertised accuracy rate - by changing midstream? See, it goes like this. Matters not a bit that which you believe about marketing or dividends or anything else in gold mining. The right of decision making for the companies come through holding of shares & the voting of those shares comes only through longer term ownership - the very ongoing ownership you fight against. If you want to get your say, you must first pay.