Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: Keith Donaghy who wrote (1663)	12/2/1997 12:54:00 PM
From: bill718	Respond to of 4718

I do not agree that gold is in for a long spell of disfavour, but then it is human nature to have differing opinions. Please take a look at this article: gold.org gold.org I don't think human nature has changed enough to change the fact that for hundreds of years, gold has retained value in the midst of turmoil and currency devaluations. Remember, throughout modern history the same amount of gold has generally been able to purchase the same amount of food. Regards, W. Wolinski

To: Keith Donaghy who wrote (1663)	12/2/1997 12:58:00 PM
From: Donald F. DeKold	Read Replies (1) \| Respond to of 4718

Keith, it goes without saying that the world price of gold directly affects profitability of gold mining companies. Right now, companies with high production costs are having to close their mines, as in South Africa, where mines are 1000 meters or more below ground. The cessation of production means a reduction in supply of gold on the world market. Supply-demand economics will at some point come into balance and stabilize the gold price. Our hope for Antares is that the quantity of gold equivalents along with the mining economics of their polymetallic ores will provide the company reasonable profits even when POG is down. Yes, it is ironic...but let's think positively. Don