Comments on: Gold Mining Stocks Suffering While Gold Price Reaches Record Highs http://www.dailyreckoning.com.au/gold-mining-stocks/2007/10/03/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Coffee Addict http://www.dailyreckoning.com.au/gold-mining-stocks/2007/10/03/comment-page-1/#comment-3574 Coffee Addict Wed, 03 Oct 2007 05:11:48 +0000 http://www.dailyreckoning.com.au/gold-mining-stocks/2007/10/03/#comment-3574 1. Gold is an industrial use commodity just like any other. 2. Unlike some others, it is also a retail commodity (as jewllery) with significant growth expectations in Chinese and South Asian markets. 3. Bad OH&S is bad business business anywhere. Good OH&S need not add an excessive burden to costs when the benefit of more reliable production is factored in. 4. If OH&S requirements were to add something to production cost, the addition will be carried forward to the retail value. 1. Gold is an industrial use commodity just like any other.

2. Unlike some others, it is also a retail commodity (as jewllery) with significant growth expectations in Chinese and South Asian markets.

3. Bad OH&S is bad business business anywhere. Good OH&S need not add an excessive burden to costs when the benefit of more reliable production is factored in.

4. If OH&S requirements were to add something to production cost, the addition will be carried forward to the retail value.

]]> By: Chris. Fulker http://www.dailyreckoning.com.au/gold-mining-stocks/2007/10/03/comment-page-1/#comment-3569 Chris. Fulker Wed, 03 Oct 2007 04:00:19 +0000 http://www.dailyreckoning.com.au/gold-mining-stocks/2007/10/03/#comment-3569 I just sold my small stake in Anglogold Ashanti at $45.00. But I didn't want to! I bought those shares as a long-term hold - something better than pper money. So I'm a little disappointed now. With all their problems, their share price is unlikely to exceed the $44.00 new offering price anytime soon, and probably will sink lower in the next weeks. To say that gold production is "non-core" and that they wish to concentrate on industrial-use commodities such as copper seems short-sighted. But the big guys, Anglo-American among them, never could see past the Federal Reserve Note, they never see the forest for the trees. (To be fair, maybe their investors don't give them that luxury, demanding instant, ever-mounting paper dollar profits...) Perhaps we are all better looking at producers and juniors working in the world's lower-cost jurisdictions: SE Asia, S. America...? I just sold my small stake in Anglogold Ashanti at $45.00. But I didn't want to! I bought those shares as a long-term hold - something better than pper money. So I'm a little disappointed now. With all their problems, their share price is unlikely to exceed the $44.00 new offering price anytime soon, and probably will sink lower in the next weeks. To say that gold production is "non-core" and that they wish to concentrate on industrial-use commodities such as copper seems short-sighted. But the big guys, Anglo-American among them, never could see past the Federal Reserve Note, they never see the forest for the trees. (To be fair, maybe their investors don't give them that luxury, demanding instant, ever-mounting paper dollar profits...) Perhaps we are all better looking at producers and juniors working in the world's lower-cost jurisdictions: SE Asia, S. America...?

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