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Gold/Mining/Energy : Games Trader
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To: John Paquet who wrote (1205)9/18/1999 1:30:00 PM
From: goldsnow   of 1239
 
Censorship? Never again..<VBG>

While executives remain conservative, analysts are betting that lower costs coupled with higher metal prices will return mining stocks to favor among major investors.
So far this year, the Standard & Poor's metals and mining index has risen 54 percent, outpacing the 7 percent rise in the broader S&P index of 500 leading stocks. That performance for mining stocks is far better than the 31 percent decline in the index since September 1994. ``The squandering of capital in this industry from years past might be at an end,' said Ernest Nutter, a director of RBC Dominion Securities, a specialist commodities brokerage. ``These companies are not depending on metals prices to get a big increase in earnings.'

Noranda's goals are an example of the industry's efforts to survive low prices
quote.bloomberg.com.
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