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

To: goldsheet who wrote (93893)	3/1/2003 9:03:36 PM
From: ild	Read Replies (1) \| Respond to of 116753

Bob, where do you see gold demand coming from?

To: goldsheet who wrote (93893)	3/2/2003 11:08:55 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 116753

I agree. The enormous inflation (read increase in money supply) of the past 10 years and the misallocation of capital (high teck and financials instead of resources) will cause a major increase in commodities. It has already started. Natural Gas prices is a good example. And I like very much this idea of gold progressively moving higher. I also thing that the price will move as you suggest. Certainly one of the best environment for gold miners and explorers. The Barrick and Newmont of this world will be great investments as their hedges slowly come down. Good explorers of course will do extremely well. Just one thing I disagree with you, am really not sure that production will be that high. It will have to go down in the next 3-4 years before in comes back up. How low will it go I do not know. But for sure the upward trend will have to resume after gold prices hae been above $400 for a couple of years.