sorgmot

Bespoke's Commodity Snapshot (6/10/08)

Thanks for the charts. They are very useful in predicting mining company profits, all else being equal. The gold chart shows that that metal was being sold for $ 650 per oz. in the summer of 2007 and is now selling for $ 900 per oz. $ 250 per oz. more to the bottom line.

The Barrick president says the cost is $400 per oz. so profits should double in 2008 versus 2007. Perhaps, the stock value will double too.

See your investment adviser and always diversify your portfolio. This is not a recommendation to buy or sell any stock shares.