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Message: Re: a question... (gold price vs. KXL SP)

Oct 24, 2007 10:03AM

Re: a question... (gold price vs. KXL SP)

in response to by
posted on Oct 24, 2007 11:02AM

I'd agree with your last post - the gold price fluctuating a few dollars shouldn't make much of a difference at all - the viability of mining is about the same, at this very early stage.

There is a bit of an effect generally in that a high gold price gets peoples' attention on gold stocks.

I wouldn't spend 2 milliseconds considering the gold price in my KXL decisions.  Don't even bother looking at it (except to know gold is going up up up - as the US $ tanks, the price of gold in real currencies like C$ or Euros or Yuan doesn't change that much.

Better to consider meters of mineralization / cedartree

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