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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (63769)	2/26/2009 3:50:21 PM
From: Tommaso	Read Replies (1) \| Respond to of 78436

The short term moves in gold surprise and baffle me. I think they are mostly "random walk"--the unpredictable outcome of a a lot of simultaneous decisions by thousands of people. But when I look at the monetary data for the United States and elsewhere, what I see is a exaggerated replay of what happened about 1971. The United States has been wasting immense resources on GWB's Iraq adventure; has been borrowing from other countries (esp. China and Japan, as we all know) at a rate that would have seemed unimaginable a few years ago; and is now now increasing the money supply at a rate not seen since the Revolutionary War--not even in the Civil War. And what that all spells is very serious and inevitable inflation. And the classic refuge from inflation is gold. And I consider myself a classicist. So I am going to sit tight and wait for what I consider inevitable. By the way, my studies of the last few days lead me to believe that is all this "stimulus" (inflation) does succeeed in causing increased economic activity, platinum demand will pick up and investments in platinum may outstrip gold. I did not realize until the last couple of days that Impala (IMPUY) pays out most of its profits in dividends. The dividend will be cut until the metal recovers, I imagine, but it is currently on the order of 12%. You just don't get that kind of return from any North American precious metals miner that I am aware of.

To: Claude Cormier who wrote (63769)	2/26/2009 4:57:23 PM
From: tyc:>	Read Replies (2) \| Respond to of 78436

So what base-rate price for gold should we expect mining companies to use in their feasibility studies ?

To: Claude Cormier who wrote (63769)	2/26/2009 10:07:29 PM
From: Proud Deplorable	1 Recommendation Read Replies (2) \| Respond to of 78436

and here is mine....it all has nothing to do with charts and Prechter has been discredited and Gartman, if he weren't working for the govt. would be also. Gold is down for one one reason and that is gold over 1,000.00 at this moment is so embarrassing to Obama that they had to do what they usually do.....manipulate it down but they were having a harder and harder time doing this so they let it run to the psychological barrier of 1,000.00 hoping that the tech people would aid them in stopping its rise, which worked. Nothing whatsoever has been caused by TA in the last 6 months so why should it start now? TA is dead IMO. How many times have seen someone say......"gold hit 1,000.00 and couldn't hold" and then predict its downfall because of it?. But they cannot say why this phenomenon happens or if they do they blame it on TA and charts. Man that's dumb. True technicians have better explanations than the "psychological" level...which is not TA, it's fundamental because its emotional. Just the same, these clowns want some award for their rocket science. ANYONE can make the prediction that when gold hits 1,000 USD it will get hammered. Does this make them worth listening to? There are lots of a-holes out there who can cause the price decline by merit of their celebrity status. Look what Dines did to the Uranium sector as an example.