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

To: Lucretius who wrote (24690)	12/21/1998 11:32:00 AM
From: IngotWeTrust	Read Replies (3) \| Respond to of 116762

Finally...another valued contributor sees Hutch's drivel and calls it such... This guy has so many flaws in his thinking, especially about options and gold that he actually thinks we won't notice or remember because of his blizzard of posts. Merry Christmas to you, Lucretius...proud t'know ya! O/49r

To: Lucretius who wrote (24690)	12/21/1998 11:51:00 AM
From: Zardoz	Read Replies (2) \| Respond to of 116762

Once again you do not show, prove, or disprove this comment which is the one that you attribute all your reply too. Because you can't or won't think. "Are you aware that Placer Domes new gold acquisitions put more downward pressure on the price of gold since production cost will be lower? Something around $180/ounce. Do we consider this in our analysis of the future price of gold? So more of the XAU stocks will be hit, at the cost of PDG growing share in the XAU? What if another producer hedger get's a cut of the S African area; won't this add to further POG pressure? No wonder the CB want to sell." 1) OIL, on of the main cost in the production og GOLD is entering into a near {what} 9 year low, 12 year low... this lowers the cost of production. 2) Buy going to S. Africa, you lower the average working wage. 3) By placing a large amount of more gold {EXCESS GOLD} onto the markets in the coming years the price of GOLD will suffer 4) Growth... NO ONE on this thread or other threads has ever mentioned the effect GROWTH of an economy has on GOLD. Yet you say I spill BS all over the place. mypage.direct.ca the two black lines represent 1987 crash, and 1994 bull market. As one can see, you could predict the crash months ahead. This is why 1998 correction was a fake. And why the FED should tighten. And in tightening the POG, via a US dollar increase, will decline. mypage.direct.ca mypage.direct.ca This is a chart of the POG in a neutral currency. It's only meant to show trends over a range of currencies, and as of 1996/11 to 1998/12/09 has shown that Gold over a range of currencies is still on the decrease. And if {AS TODAY} the US Dollar index increases the POG will drop. This you can't argue... This is reality. The XAU is still in failure mode, and should end up at 55 or lower by Jan 16/99. You said: >sorry, but it doesn't work that way. I'd say news like this is actually bullish. the fact that PDG was able to pick up this property so cheap shows the gold mkt is likely sold out. When people are practicallty giving things away... you're always near a bottom.< That is illogical thinking. There are no bottom or tops in a commodity. There are only localize tops/bottoms, and are based on the economics that drive them. Everyone said how smart Inco was to pick up Voisy Bay, yet at 50% of their value, why aren't anyone stepping up now to buy Inco? The lowest cost producer will always attempt to under cut the competition... that is the nature of market share. PDG purchase of Getchell was done at a premium for no need. This is not the wise move of a calm market, it is a signal of to much cash be spent in a frenzy {in a declining gold market}. You in all your posts have said NOTHING... any members can go and look at the latest postings on the threads and see what intelect you've added. As a matter of interest, you best post to date as been this one: #reply-6917849 And posting private email is really an insult. How would half the people here feel if I started posting the stuff you guys sent to me. Many of which is agreeing in private, and not wanting the others whom flame me to know. You don't want to debate me, because you can't. Most people know that if I don't answer a question is because I'm busy.... {Shorting GOLD} Merry Christmas to you. PS: Don't complain about my spelling mistake, when you yourself have them.