Replies to post #310 on GOLD (Au) PRODUCERS (GOLD)

[drmidnight]

NYBob

Northgate lost the Kemess North project this past month,
not good, they will take ~ a 30Mil. write down on that

They are working on the pre-feasibility study for the
Young-Davidson project, but that is due to come-online in 2010.

Aside from buying out more junior players, their earnings probably will not increase at a significant rate....that would explain the recent downgrades and the decline in pps.

The Dr...

[NYBob]

Fund buying hitting the Gold market -

"I think you are seeing large scale end-of-month and
end-of-quarter fund buying hitting the gold market,"
said Zachary Oxman, a senior trader at Wisdom Financial.

"The sell-off in the U.S. dollar is also aiding the market
at this point and as the U.S.-negative data continues
to come out negative and the housing issues continue
to grow and worsen, the flight to quality in Gold will
continue," Oxman said.

"Consolidation looks set to be an ongoing theme
[on the Gold market]; however, crude has pushed
back above $81 a barrel and will be closely monitored
for signs of inflationary impact on both the U.S.
and global economy," said James Moore,
metals analyst at TheBullionDesk....



Play it safe and stay in Gold mining -

Politicians can't stand seeing the value of their own
home dropping ever month,,,, they will stimulate and
when that doesn't work they will stimulate some more,
again and again and again---until we go over the cliff
into hyper-inflation.

ex.
http://news.bbc.co.uk/2/hi/business/default.stm

GOLD the real value about fiatz$35,000.-/oz today....
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21963105

Got NXG Gold Mines Safety -
The Largest Gold Producer in BC -
The lowest cost Gold Producer in the mining industry -
http://www.northgateminerals.com
Imo. Tia.
God Bless

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