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

To: loantech who wrote (95057)	5/21/2003 3:37:09 PM
From: goldsheet	Respond to of 116836

The one thing many gold investors missed with the majors/producers is the weak US dollar is very good for gold bullion yet very bad for gold stocks. Many mining firms are getting killed with shrinking margins. Most gold stocks peaked in June 2002 ! > Just waiting for 2004-2005 when we get the real gold bull. That is what you said and I am sticking to your timetable You may be off a year, since I really do not expect gold bullion to get much above $400 either this year or next. 2005 get us over $500 on the way to $750 by 2007. My really wacky prediction remains a record of over 3000mt of gold production by 2010 as a result of another OVERfunding of junior exploration in the 2005-2007 timeframe (like 1994-1996) Folks predicting the near death of mining (huge drop to 1800mt) from lack of exploration spending are going to look even dumber than they do now ;)