ole 49r, I am no longer a director of Davidson, I resigned this last AGM as they were selling the control block to others and they had their own slate of directors. Of course new life in gold will bring all these penny awfuls into the dollars range. It will also lead to a new round of desert dirts. So watch the timing as many of those dirts are a cent or two and if yu get into them prior to the runup you can get a 100:1 ratio. Gold will not go to $2000 as most of the electronic, military and jewellery useage is sensistive to price and will demand will drop, in addition recycling waste will drag more gold from the waste woodwork. These will all keep it well under $1000. A lot better than $266,though.
Speaking of desert dirts, did Zeev's rav fav GPGI ever finally bit the dust? Wonder if ole Jimbo and Gustavius went down with it. They were so sure of themselves.
Guess we'll have to disagree on CMX gold not making it to $2K per T/O. And as far as scrap gold is concerned, the wholesale puking up of computers post y2k with gold flashed on so much thinner than it used to be in the old days, is just going to bury the thicker plated electronic gold deeper. So, I might have to give $25 an oz for my recovered gold than the current $20. A 25% increase in cost which I'll only be too happy to pass along to my 'customers' <vbg>
Sorry to learn you are unemployed currently. Maybe I'll see you in the lower 48 sooner than later, yes?
Regards, O/49r, recycler and miner extraordinaire!!!
love that theory.. I have a few theories myself..one that office 2000 is coming out etc..and always Microsoft likes to talk down the stock.. also there are so very many small high tech firms that look so cheap compared to future earnings..I am beginning to follow a lot that have to do with streaming audio and video and compression..blah blah blah..I doubt that billionaire was talking about those.. also I think greenspan is delighted..think a lot of hedgers who thought they had no brainers are now smarting that Japan hasn't intervened in its currency etc..now wouldn't our government want also to hurt the gold carry trade as long as no governments are also doing it...this market selloff can be a great excuse for him not to have to touch interest rates .. let the market do it for him.. if he doesn't have to tighten, that should continue to help market.. again we are possibly in tax selling session now..so I would guess buyers are waiting on sidelines to see how cheaply they can pick up their favorites.. also I think a lot of market pronognosticators are confused big time.. those day traders are increasing in number and while funds seem to be flowing out of mutual funds..I wonder how many of these funds are being stirred into daytrading accounts..I think I heard ameritrade head say he had 1/2 million accounts..with average of 45 k and thirty or 40 trades a year average.. anyways I thought bear markets started with recessions..do you see one coming? also since the Japanese economy is so very fragile..I don't think Greenspan and Summers wants the US stock market to nosedive now.. also would think at this point..they would want gold to stabilize and possibly head a bit higher now.. just guessing as usual bet you are one happy camper stressing all those metal stocks.. great going!
Currently, Cripple Creek produces mostly gold, I think about 200,000 ounces or so anually from the operation Independence Mining has there ( now a subsidiary of Anglogold, acquired in the Minorco merger, originally owned by the original Freeport McMoRan Gold Company (not FCX) in the mid 1980s)
<<Frankly, I offer this anecdotal evidence to those doubters out there in GPM land >>
I guess it's been too long since I posted the prices seen at the Denver Gem & Mineral show. About GATA, though I'm sure it's honest,& clean, I won't try to convert you, not your style. I'm betting it will get hit by IRS this year even though clean, Just Bill asking The question about Hillary going short gold just before 1st BOE sale simply will win no friends in this administration.