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


To: loantech who wrote (11524)5/27/2003 8:49:49 AM
From: jrhana  Read Replies (2) | Respond to of 39344
 
What is the connection between MNG and CBD.TO?

Luckily I have loaded up on MNG

I like that WOW



To: loantech who wrote (11524)5/27/2003 9:18:53 AM
From: tyc:>  Read Replies (1) | Respond to of 39344
 
IMHO

Why has the price of NGX been languishing while the price of gold has been climbing ? The answer may be that the price of copper has been so low, causing the cash costs of gold production to climb. At the start of the year, cash costs were estimated based on a Canadian price of $1.15 per lb. Look how far it dropped ! This chart shows the price of copper in Canadian dollars over the past two years. (Will someone tell me if the chart cannot be read ?)

stockcharts.com[w,a]dallnnay[dd][pb50!d50,2!i!f][iUc20!Uf!Lb6!La12,26,9!Ll8!Lh14,3!Lyb50,2.0]&pref=G

Take heart ! the Canadian price of copper this morning seems to be opening at ~ C$1.07. To my mind, the chart seems to show a distinct Head and Shoulders bottom formation.