Gold/silver
Article Abstract:
Gold bullion prices began to increase in Fall, 1995, rose to $400 an once in March, 1996 and, although they are currently around $390 an ounce, are expected to average $400 and ounce in 1996 and $415 an ounce in 1997, making gold mining industry securities a welcomed asset for diversified portfolios. Investors should be careful to select companies with a history of low operating costs, strong balance sheets, consistently increasing production and growing long-lived reserves. Investment in South African gold mines is considered questionable until the political situation becomes more stabilized.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Gold/silver
Article Abstract:
The price of gold has steadily dropped to the range of $380-per-ounce to $395-per-ounce in late 1996 after it had reached $415-per-ounce in Feb 1996. Speculation that European central banks would sell some of their gold reserves further depressed prices to $370-per-ounce in Nov 1996. Industry consolidation is expected to continue with pressure to expand production and reserves. These stocks are not favorably ranked for timeliness in 1997.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
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Gold/silver mining industry
Article Abstract:
The prediction for the gold and silver mining industry is fairly flat with a recommendation of limited holdings in gold mining shares. Battle Mountain Gold and Hemlo Gold Mines merged, and Echo Bay Mines purchased an increased share in Santa Elina Gold. Gold prices have settled at $385/ounce after trading above $400/ounce in the first quarter of 1996. Gold prices are projected to be $425-$450/ounce for 1999-2001.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
User Contributions:
Comment about this article or add new information about this topic: