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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 684.45+0.1%4:00 PM EST

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To: pater tenebrarum who wrote (27968)9/30/1999 8:58:00 AM
From: Robert Rose  Read Replies (1) of 99985
 
<since the gold stocks have now rallied considerably, this is the most out-of-favor group. they trade at about 1/3 of book value have lots of cash,>

How can they trade at such a discount to book value?
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