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

To: long-gone who wrote (7573)	2/14/1998 6:32:00 AM
From: Bobby Yellin	Respond to of 116986

it would seem as if in the short run there would be some sort of ceiling where copper producers (to help their books which have been hurt by low copper prices) or whoever would start selling some of their silver ....... (also silver has been undervalued for so very long..even this rise isn't that impressive but hopefully it will become really impressive down the road... repeating what I actually wrote..why don't you think copper producers (since a byproduct is silver) wouldn't start selling? the gold silver ratio has been out of wack for so very long that is why I am not impressed with the rise from the artificial low.. re possible impeachment..as long as Rubin doesn't resign..even if Clinton were to resign or be impeached which looks extremely doubtful since the public looks to their pocketbooks and self interest..the market might sell off but then others would view it as a buying opportunity if its prior status was in a bullish mode,(especially with that uncertainty finished with) re Iraq..although many innocent people in Iraq might get killed which doesn't appear to be an issue since money, is seems to be the driving issue,tactical weapons would probably be used (not massive troops,especially since the US hasn't gained much support), and that too would be a flash in the pan and not have much effect on the market. The war would be over in an extremely short time. The bullish cases now for the metals are in my thoughts: Japan appears to be going to disappoint again in their reforms and may not provide the engine for SE Asia to recover more quickly.. negative for the global market More civil trouble in Indonesia which has a huge population Russia in a precarious state The Dow has soared this quarter so a correction is more than likely.. the wall of worry is collapsing which is really bullish for gold IRA season for money flow is coming quicker to an end Annoucement from CBers about common currency is closer..uncertainty about further gold selling will end...extremely bullish Recession is possibly coming closer Asian fallout should be reflected much more in the coming earnings and PEs on Dow stocks are high..

To: long-gone who wrote (7573)	2/14/1998 9:37:00 PM
From: J. Nelson	Read Replies (3) \| Respond to of 116986

Richard: I allways thought if @ $7.00 oz. a mine can "JUST" make it, how can or could they come close at $4.30? That would shut them down and keep them shut for longer than the $7.00 oz selling price. Now if they need more to re-open the mines what will it take? Just another thought is that if all these mines are down where will the supply that has been feeding the demand for years come from? There is no more in reserve and that brings us to supply and demand and up will go W.B's. investment in silver. I seem to think it's very hard for a mine to open just on a quick bull run....They may need months of time for this to pan out and if they rush it's only to shut down again. IMO we will see the price move ahead of the mining stocks and they will jump with the anouncemts that there back on production big time at that time we may see a settlement of the price yet not until everyone has what they want on the table. That's JMO, and .02 c Regards, Jim....