SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wade who wrote (454)7/21/1999 9:09:00 PM
From: Exsrch  Read Replies (1) of 48092
 
Wade,

The last many days? If you measure your horizen by days than you ought not buy stock but put or calls instead; however, if you are looking at long term profitability than buy actual shares.

With respect to the latest ABX news send or post a copy here and we can examine it together. With respect to whether the hedge is dropping I have heard nothing; however, let me comment with the following:

- Even if hedge dropped to $350 that would mean ABX earned almost a $100 more per ounce than NEM (ABX is increasing volume while NEM is reducing volume. How can that be bad for ABX? Volume info can be confirmed with Merrill Lynch analyst report).

- Are you suggesting that its time to sell ABX because they make $100 more? Or that NEM is better because they are less profitable?

Let me tell you that at this point NEM is very speculative with no certainty (especially in the short term. Why? nothing has changed. BOE is still planning a sale in a month. The last sale tank the POG).

It seems you want to benefit from short term volitility which would suggest you should be trading not investing long.

Let me know what you think. Cheers,

Exsrch
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext