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May 25, 2006

A reminder that I met Mr. Peru, Thurs., May 25, 2006, 10:25 AM

Do you remember when I told you I had met Mr. Peru back on March 7 at PDAC 2006. I even kept his calling card because I knew I would be returning some day to Peru.

Today "bobj" sent along the following comment:

With all the country risks involved with the mining industry I found the following article interesting, "Mining in Peru and my visit to the country" by John Lee of goldinsider.com on the kitco website.

This is an excellent article.

Posted by Posted by Bill Cara on May 25, 2006 10:25:26 AM | Category: Country Equities

Discourse

It appears spot gold may put in a short term bottom here, 649.

Posted by: FirstConsul [TypeKey Profile Page] at May 25, 2006 11:53 AM [link]

I think today is the expiration day for options on the gold futures contract ZG. That might have something to do with yesterday's take-down and today's flatness.

Posted by: tc [TypeKey Profile Page] at May 25, 2006 11:59 AM [link]

Can we delete or modify comments?

I take back that comment about today's flatness. The June contract is up about $12 to $650 so far.

Also, I was referring to the expiration of the front-month contract, of course.

Posted by: tc [TypeKey Profile Page] at May 25, 2006 12:11 PM [link]

Lots of confusion today! Everyone packing for the holiday I presume. :) I think First Consul was referring to the 639/640 area which has been tested multiple times here.

Posted by: MarkM [TypeKey Profile Page] at May 25, 2006 12:21 PM [link]

I just chatted with a colleage who is Peruvian about the political situation in his home country. He said that he hopes for a Garcia victory as the lesser of two evils. He said he fears that a victory for Humala would mean dictatorship.

FWIW.

Posted by: number2son [TypeKey Profile Page] at May 25, 2006 3:47 PM [link]