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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (6433)	12/28/2002 1:08:35 PM
From: marynell	Respond to of 39344

Russ, regarding the 1996 bubble that popped in 1997, I agree with you that it was a bubble, brought on largely by Voisey's Bay and Bre-X. But now we have some big success stories in the works today, and I think gold is going far above $400/oz. so I think we will see another speculative mania like 1996. One thing I have learned is that markets always go further in a given direction than they logically should.

To: russwinter who wrote (6433)	12/28/2002 7:23:33 PM
From: TrueScouse	Respond to of 39344

Interesting article by Ned Schmidt... kitco.com In it he states that "the fair value estimate for gold remains about US$505". Does anyone know anything about his background, how he comes up with this figure or what methodology he uses to determine his "fair", "undervalued" and "overvalued" gold prices? TIA, Howy

To: russwinter who wrote (6433)	12/30/2002 12:16:37 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

<Those were bubble prices similar to the dot.com era, tied into a strong hysteria/greed cycle. > I don't think it was a very big bubble. Gold had been above $380 for two years and reaching $400. It was perfectly normal for stocks with gold in the ground to sell at $100 or so per ounce. It will happen again and stocks with 3M ounces of gold in the ground will sell easily for $300M when gold is at $400. At the moment they are selling for $30-$60/oz depending on specifics. When gold is $400 they will sell for $90-$120 on the same specifics. Its mathematical.