RANDGOLD and EXPLORATION (RANGY) Message Board

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Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY)

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To: POLARBEAR who wrote (397)	11/25/1999 10:10:00 PM
From: Dan P	of 448

PB: A commodity trader friend of mine, who is definitely not a gold bug in any sense of the word, is convinced that the recent upsurge in gold is the start of a bull market. His words of advice were: buy on the dips!!! he was referring specifically to the gold stocks, knowing that I don't personally trade commodities. I think this advice applies to Rangy, Drooy, and several other well managed gold producers. One other observation (posted on the DROOY thread): probably obvious to most, but worth repeating: Although gold dropped to a new low, this year, the major gold stock indices (XAU, gold fund indices,etc.) failed to confirm this move by NOT making new lows. The stock indices set their lows in August of 1998. Suggests to me that the big money knew that a major gold move was coming and used the drop in gold to add to their positions. Also, I thought that Wednesday's move in gold in advance of the expected British sale was impressive. Regards Dan

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