To:Bobby Yellin who wrote (214) From: John Barendrecht Sunday, Jul 6, 1997 12:50 AM Respond to of 80032
....also people who are in the markets to make money think money...not other people's welfare... Bobby, the Australian bank may have sold a lot of gold but look at the other side of the transaction - someone BOUGHT a lot of gold. These people no doubt intend to make money. As storing gold costs money and selling at a lower price than you bought it for is definitely not going to make you rich, these people must expect to sell at a higher price. People who can afford to buy 167 ton of gold, probably are not stupid. I doublt whether they bought to use as wall panel in their house. They bought it to make money. http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1709484
To:John Barendrecht who wrote (221) From: Salvador Villavieja Sunday, Jul 6, 1997 4:23 AM Respond to of 80032
Check out the July 5 headline in The Australian Online using the following link: http://www.australian.aust.com/ Any comments on the line 'Analysts expect the gold price to fall as low as US$250 per ounce' are welcome. A number of gold mining companies will have to close their mines temporarily if gold dips to these levels. Low cost producers may not be affected as much. Does anybody have a compilation/link/data on low cost gold mining companies? I think opportunities are to be made in this hopefully temporary panic. The US stock market is in its historic high while gold mining companies are hitting long term lows. Is it good to buy good gold companies now and then wait for the stock market to correct? This sectoral rotation can happen as it had in the past. http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1709687
Market Data 
Markets 
AI
