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

To: Daytek77 who wrote (24973)12/27/1998 7:35:00 PM
From: baystock  Read Replies (1) | Respond to of 116796
 
<<Last point. If gold went down to the $200 level and stayed there for even six months at least 90% of the worlds mines would close. >>

The fact that most gold mines would have to close at the $200 level doesn't mean it can't happen. Commodity markets can be extremely brutal at times. But the pain that would ensue among producers and investors would be the seeds of the turnaround that would follow, as surely as day follows night.


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