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

To: Canuck Dave who wrote (14859)	7/27/2003 4:12:40 PM
From: marcos	Respond to of 39344

'There is an endless supply of white men, my son, but there has always been a limited number of human beings.' - Chief Dan George, on CBC radio about an hour ago .... i think he might have in a roundabout way been talking about silver ..... as in another saying for which he is famous, 'It is a good day to die.' Long long time now, since silver was money .... what it needs, is a new use .... a use that consumes it, uses up tonnes of it in a way that doesn't cost each consumer very much, so that he takes a price-inflexible attitude toward spending it ..... and if a use like this was coming along, guaranteed there would come huge speculation into the market .... but meantime, yikes, if the market for base metals improves the market for silver will be awash in the stuff .... so i dunno, i just remain completely agnostic on Ag, a straight-forward bargain like Corner Bay was two years ago is attractive, but generally on the high-leverage silver plays i see a lot of risk ..... but, pretty much out of touch recently too, so that's just an impression ....... much later, cheers

To: Canuck Dave who wrote (14859)	7/27/2003 4:23:53 PM
From: orkrious	Read Replies (1) \| Respond to of 39344

With the SA strike settled, gold will probably drop the next few days. I have nothing to base this on, other than a hunch, but I'll be surprised if PoG dips much, other than early tomorrow. The gold stocks have been stronger than PoG for a couple of months, and the stocks usually lead the metal. I doubt that the stocks have been holding their own for two months solely due to SA. SA strikes are rare. I believe the last was 16 years ago and the contracts are biannual. Like the auto talks here, there is a lot of posturing, then things settle at the last minute. I don't think most people have been buying gold stocks in anticipation of a strike. On the other hand, I suspect the strike is a major factor people have been shunning the SA miners. I think PoG holds its own tomorrow and my gold portfolio is positive, with my SA miners making up for any north american losses. Just my WAG <g> [edit] I think the PoS lends support to my argument. Silver certainly hasn't been rising on SA woes, and with political and montetary concerns, they should move up together.