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

To: Broken_Clock who wrote (94844)	5/1/2003 8:45:44 PM
From: goldsheet	Read Replies (1) \| Respond to of 116814

> Nevertheless, CBs and miners are significant supply sources Correct, and I see both continuing to supply close to what they did last year. No indication CBs will stop selling, and gloomy predictions of mine supply plummeting made at $250 gold do not seem as likely to occur with gold at $350. I have great confidence in the ability of miners to turn resources into reserves and production. > outstanding hedges of the major miners? I NEVER got excited about the old tired predictions of hedge books imploding - most miners have reduced hedgebooks substantially by either delivering into them and/or open market purchases. The "market" seems to be resolving this "problem" nicely. > 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. Potential money still talks, so I found this story interesting: "LIMA, Peru, May 1 (Reuters) - A Peruvian court said Minera Yanacocha, the world's second-largest gold mine, could continue to explore a deposit in Cerro Quilish, a gold-rich zone declared a nature reserve by the area's municipal government." FULL: biz.yahoo.com