Gold Third Quarter 2008 Review

20 October 2008

Gold shares have not escaped the stock market crash. This is disappointing since the gold price itself has held its ground and stands 17.1% above year ago levels. With the decline in commodity prices, especially oil, the cost pressures that have been plaguing gold mining companies are starting to recede and the prospects for improved earnings are good even if the gold price simply stands its ground.

The remedies for the credit crisis are highly inflationary....”

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John Hathaway 
20 Oct 2008