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| Updated: Sep 14,2004 |
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This was the title of a Cheech and Chong Movie in the 1970's, and I surmise that the astute gold and stock analyst that predicted $6,000/ounce gold is partaking of even stronger hallucinogenic drugs than the dubious duo of their halcyon movie days ever did. Although, I, also, can see gold at $6,000 per ounce. Scenario one: John Kerry is elected President of the US, and our currency is devalued to 1/100th Lire, the economy is completely devastated, and our military is the laughing stock of the world, since all military personnel do not have to do anything that the UN might disagree with. Scenario two: The year is 4817. And that's about it. This week, I also received an offer to extract gold from seawater, at an economical price. This I filed this with the countless emails wanting to send me 20 million dollars. I will forever place this analysts predictions in the same filing cabinet, which is emptied daily. It was amusing, and a bit entertaining, though. And for the chartists, here's my graphic representation of this theory (aka chart):  If gold ever goes over $2,000/ounce, I will convert my back yard into a open pit, heap leach gold mine. It contains enough gold to be economical at this price. The permit issue might be a bit sticky though, not to mention the endless stream of large yellow Caterpillar trucks going to and from my back yard. I am sure I can work out the details, though. Perhaps I should start core drilling now, to delineate the massive, very low grade ore body. Or, perhaps, since I live in the "real" world, I will realize that I will be just a very distant memory when the shiny yellow metal reaches these horizons. |
| But that's just my opinion. Charles Kubach Mine-Engineer.Com |
