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


To: goldsheet who wrote (96915)1/8/2004 10:21:45 PM
From: loantech  Read Replies (1) | Respond to of 116762
 
<Beats me, I made one slightly off call (6%) in the last 20 years,
so I must disqualify myself as a gold expert>

Not in my book it doesn't I kept up the support for ya while you have been out goofin off.

So how about a non-expert opinion or would the one I got from you 6 months or so ago with POG around 425 this year, maybe 500 or so in 2005 and higher in 2006 and 20067 still hold? That is off of memory I have it saved here it is:
Memory not so good:

To:Bruce Robbins who wrote (95522)
From: Bob Johnson Saturday, Jun 28, 2003 12:02 AM
View Replies (3) | Respond to of 96915

I think the key will be worldwide economy recovery which will get jewelry demand back to historical levels, a 1000mt increase dwarfing any increases in traditional investment demand. Chinese demand will be VERY important, but will probably get categorized as jewelry instead of investment due to the form it is purchased.
I'm really watching base metals as a leading indicator and think Chinese copper and nickel (for steel) demand will extend base metals to much higher levels. As previously stated, I don't think precious metals will join the party until later (keeping under $400 until 2005, then moving to $750 by 2007)

Meanwhile, gold investors should just be happy gold is back to around $350 instead of always wishing for higher prices immediately. I'd like to give the gold industry a chance to generate some good cash flow for the next few years to get mothballed development projects online (from the 93-96 OVERspending on exploration) Maybe then we can have some good old fashioned greenfield exploration, area plays, and have some fun with juniors (someone is going to make lots of $$ when infrastruture is deployed in Nanavut)

I sold my Nanavut stuff. Do you have a list of names other than CBD, CBD and MNG? Oh oh I mentioned names on this thread. If that is not okay Canuck Dave started a great non moderated thread.
Subject 54430

Thanks,
Tom