MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.72

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Jan 5 4:00 PM EST

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To: prosperous who wrote (48562)	4/28/2000 2:14:00 PM
From: pater tenebrarum	of 99985

Hemant, generally speaking gold stocks are a sector that's moving inversely to the market in general most of the time. the best stocks are imo the South African producers, as they pay good dividends: AU, HGMCY and GOLD. i like the North American producers NEM, HM and BMG as well. also PDG. ABX has very good assets, but also a very large hedge book, which means it's a safer investment as long as the PoG is drifting down, but gives you less bang for your buck if and when the PoG moves up. since the whole XAU has a market cap smaller than E-Bay's, i would say the risks are very limited at this stage. the biggest risk is actually that of opportunity costs, as no-one knows for sure when the excitement will finally come back into the sector. but if you're believing in buying low, well here's your chance. note that the gold stocks are most probably a trading buy as well here. they frequently have sharp short-lived rallies whenever the over-shorted gold market threatens to lose it's calm. regards, hb

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