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

To: goldsheet who wrote (94842)	5/1/2003 8:27:31 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 116811

Nevertheless, CBs and miners are significant supply sources. Once gold rises over the 350 price then ABX, PDG, etc. are loosing $$$ and are forced to cover. How do you cover when it's buried in the ground still? Do you have figures for the outstanding hedges of the major miners? I'd guess it's well north of 20 million ozs. One other factor to consider...it is becoming tougher worldwide to get a mine up and operating. The 3rd world countries are becoming a little wiser environmentally speaking, that is.

To: goldsheet who wrote (94842)	5/1/2003 8:59:13 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 116811

Bob - how would you cover the bases? I have a couple of ideas but am interested to hear yours. Zinc seems to be the most orphaned of all of them, nickel and copper have been getting some love lately. Any BM stocks in particular that are worth investigating?

To: goldsheet who wrote (94842)	5/1/2003 11:22:14 PM
From: loantech	Respond to of 116811

<Before I get called a bear, I'm VERY bullish on gold in the long-term ($500-600 by 2007> Hello Bob. I remember your posts from way back about gold maybe getting to 500 by sometime in 2005, but over 500 maybe 600 now then we can make some money on MNG WHT etc from way down here. Good to see ya around, Tom

To: goldsheet who wrote (94842)	5/1/2003 11:25:06 PM
From: loantech	Read Replies (1) \| Respond to of 116811

Bob, BTW one I hold and like and it has some hedges has a lot of copper. You like or follow NGX? Could do fairly well with higher copper and gold prices as it has a lot of dirt but not that high of grade BWDIK?. Tom

To: goldsheet who wrote (94842)	5/2/2003 11:51:17 AM
From: Real Man	Read Replies (1) \| Respond to of 116811

One of the things CBs do is increase paper gold supply. Gold is subject to fractional reserve requirements, which are the same as for paper money. This means you can effectively increase gold supply 10-fold, as compared to actual gold sitting in CB vaults. The net result - this "paper gold" (aka gold certificates) acts as increased gold supply, even though actual gold stays at the same level or declines. Gold investment demand in 2002 hit a 35-year high, according to Forbes (CPM). That more than compensated the jewelry demand slump. P.S. 255-290 range at USDX=121 converts to 321-366 range at USDX=96