Gold/silver mining
Article Abstract:
Gold prices have remained under $300-per-ounce in the year 2000 in spite of the agreement among European central banks to limit the sale of gold. Production of gold from Asian and South American mines has increased, and the demand for gold in the 4th qtr of 1999 has decreased, as well. These stocks are best suited for those with long-term investment horizons.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 2000
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Gold/silver mining
Article Abstract:
The low price of gold which began trending downward in the mid-1990s is likely to remain through 1999, but it is forecast to rise through the years 2002-2004. Gold is being seen less as a monetary asset rather than as a commodity, but the threat of inflation, lower supply, and increased demand in the future are positive fundamentals for the future price of gold after 1999 and the year 2000. These stocks are not timely in 1999 and are best seen as long-term investments.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
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Comment about this article or add new information about this topic:
Gold/silver mining
Article Abstract:
The price of gold has trended down through most of 1999, but this may be reversed with the decision by European central banks to limit the official reserve sales. Stock prices for gold mining companies have risen as a result, and the price of gold is also expected to rise, not only in the year 2000, but through the years 2002-2004, as well. These stocks should be considered mainly by investors with long-term objectives.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
User Contributions:
Comment about this article or add new information about this topic: