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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?


To: Condor who wrote (10564)4/8/2005 10:27:01 AM
From: Claude Cormier  Respond to of 18308
 
<Presumably their bullion reserves are replace with dollars or new assets. If what you say is true, then all producers would fade away to nothing and delist.>

I am not saying that.

What I am saying is that gold prices are the main factor for these stock. In the current environment, they are not the place to be.

The depletion of gold reserves comes only second. They have survived by replacing these reserves. But is has become more and more difficult and will remain difficult until gold prices are much higher.