InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,436.44
(
-0.50%
)
US TECH 100
18,552.40
(
1.37%
)
Dow Jones
40,743.33
(
0.50%
)
Brent Oil
79.96
(
1.77%
)
Bitcoin
66,285.57
(
0.17%
)
Post# of 67010
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

bobhwang

Send PM Follow Ignore
Followers 52
Posts 2226
Boards Moderated 0
Alias Born 07/23/2004

bobhwang

Re: None

Tuesday, 07/13/2010 3:01:20 AM

Tuesday, July 13, 2010 3:01:20 AM

Post# of 67010
2 factors caused Homestake's increased profits and rising stock price in the 30's
- - increased gold price (to $35.00 from $20.67)
- - lower production costs due to deflationary conditions

Looking 2010 forward, would expect the price of gold stocks to largely depend on the same 2 factors:
- - price of gold
- - costs of production (...deflation or inflation? )
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up