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 : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Frederick who wrote (8503)	1/23/1998 2:40:00 PM
From: mark silvers	Respond to of 20681

Tom Re gold, it appears to be a two-fold reasoning for the increase in price. One is the decline in the dollar has helped to cause this most current increase. It has created, in all effect, a cheaper level of gold for the rest of the world. A decrease in production is the other, and perhaps lesser reason. (remember the aricle I posted yesterday that said Anglo was going to cut production by 17%). I agree that many of the actions of the company can definitely be interpreted as signs of confidence by the company. AS far as the trading aspect is concerned, It would appear that rumors of mass selling by insiders are quite unfounded. Hopefully, the company can get some new numbers out within the next week or so and we can continue to build on the foundation of factual evidence that we have started to accumulate. Mark