SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Brian N L who wrote (546)11/26/1997 5:20:00 PM
From: Ironyman  Read Replies (1) | Respond to of 34075
 
My bet is that someone has seen the 10k! Oh my they spent another
1/4 million. ( On equipment and payrole---I'll guess )
Can anyone tell me what the avg. wage might be? ( In Bolivia)



To: Brian N L who wrote (546)11/29/1997 8:07:00 PM
From: CIMA  Read Replies (1) | Respond to of 34075
 
The only way a company can legally cause a rise in it's share price is through positive news. It can only be halted at the request of the company pending significant news or by the exchange because it has broken regulations. Golden Eagle is under the same pressure as all other gold mining stocks. The price of gold is near a 12 year low, central banks are unified in talking about selling gold reserves - they have 10 years of annual production to sell should they decide to do so - and the floor hasn't been hit yet. $280 is likely and many say $250 is soon possible. The U.S. $ is acting as a safe haven, a role historically preserved for gold, from the financial turmoil in Asia. Until the U.S. $ tops out gold will continue to fall. IMO.