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 : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: Dave R. Webb who wrote (2932)	12/13/1998 2:11:00 AM
From: d:oug	Read Replies (1) \| Respond to of 4066

More questions for Dave, but all easy ones this time. Dave said in prior posts +++++++++++++++++++++++++++++++++++++++++++++ As far as gold goes, if the big guys are buying it in hundred million or quarter billion dollar lots, then I'd like some too. +++++++++++++++++++++++++++++++++++++++++++++ majors swallowing juniors consolidations going on in the gold market top two predators in the gold food chain swallow (or attempt to) multi-hundred million dollar big meals. Barrick and Placer Dome are continuing to acquire. +++++++++++++++++++++++++++++++++++++++++++++ Dave, the above big guys you mention, are these the majors you wrote about in your prior posts. You also mentioned Barrick and Placer Dome, and I guess these are the biggest of the majors. So a simple question, the big guys and majors and Barrick and Placer Dome, are these financial institutes that hold big share holding, or are these the actual gold mining companies. Second easy question, you said "then I'd like some too". Are you saying that you want to buy a smaller than MGR gold mine company. Third easy question, you said "consolidations going on in gold market". Can MGR be eaten, and if so, good or bad. <<< in very complex problems ... answers come easier if you don't sweat the small stuff and look at the bigger picture >>> Yes, but when I do it this way, sometimes I see a forest, where there are no trees. Doug

To: Dave R. Webb who wrote (2932)	12/14/1998 6:54:00 AM
From: Phil Jones	Respond to of 4066

Dave: The current low gold price can't hold much longer. No central banks seem to be selling their holdings, and the annual difference is 1000 tons between production and demand. More and more gold mines are producing at/below cost. For instance, I read somewhere that some of the oldest deepest S. African mines are being government-subsidized to stay open. The gold price in real terms at present is at a level that is below US$100 in 1971 dollars. Everything bodes well for increases in the gold price in the coming months. (Of course, wasn't I thinking this at the same time last year?)