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


To: Raymond who wrote (337)11/18/1997 12:40:00 AM
From: Gary Green  Read Replies (2) | Respond to of 749
 
Good Point, Raymond-

Your point that copper is also slumping is well taken. However, I was thinking about the fact that it costs a gold mining company less to mine the copper if it is obtained as a by-product; and because copper has more intrinsic, industrial uses than gold, the price can rise based on a building boom, for example, and not be dependent on the the psychosis that seems to characterize the gold traders.