Asus' FREE Speech Money Club

[tedwitt]

It is not Gold itself that will push the move. In the late 1990's there were over 100 proposed gold mines around the world that were deemed feasible at a steady gold price of $325 - $350 an oz. It takes several years to bring a medium to large gold production facility into operation using something like a CIP process.

Now find who owns those mines that are now headed into production.

just after 911 gold went Nutz.

Sep 2001

Now add in a year to make sure the price movement past $300 - $350 is not just a fad. Add a year for completion of any adjustments to the mine studies and financing. It is now Sep 2003.

Now add in 2 - 3 years for construction of the first round of mines. Now it is Sep 2006

Now figure out what was built in the first round and what is left. Add in a year for final studies plus E+P+C & financing.
Now it is Nov 2007

Round two is beginning. A boat load of production began to hit the market in late Sep 2006 affecting the supply side of the S/D.

Round 2 is now at bat.