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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.30-0.5%Dec 12 4:00 PM EST

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To: long-gone who wrote (90825)10/30/2002 2:48:22 PM
From: goldsheet  Read Replies (1) of 116814
 
<the primary objective for any investment is the reward of the investor. >

Correct. The best way for a gold mining company to generate cash flow is to mine gold. Generate enough cash flow to generate earnings, which should eventully get reflected in the share price.

<You forget that both Anglo & Harmony have jewelry arms. >

No, but I don't think vertical intergration is a viable or profitable idea for the mining business. Just my opinion.

<<Disclosure: dumped GFI today>>
<Then I take it you have given up on your(near term?) >

No, I told you in June I have moved into a trading mode, so taking over 11% in 5 days is a respectable chuck of the 20-25% gain I said is possible. I was just trying to be a nice guy and disclose what I did.
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