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Strategies & Market Trends : Rande Is . . . HOME

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To: xcr600 who wrote (19945)2/4/2000 2:42:00 PM
From: Rande Is  Read Replies (1) of 57584
 
Added some gold stocks, just in case this gold move is still in progress and not isolated. . .ABX, GOLD, MDG and DBRSY [diamonds]. . . $12 move is serious. . .if it is just an isolated move on an unwinding of a position, I lose.

PDG released news that it was no longer selling its reserves, based on the rising gold price. . .so they believe it.

Would have liked to have bought HM, since it is the American brand and has a huge short position. . .but shorts are not letting it go. . .300,000 + shares on the ask . . at 7 1/2.

ABX and NEM are at good prices compared to where they were when we bought them in July. . . .ASL is the one with the accounting irregularities. .. so it should be avoided by all but major risk takers. . . AI, GOLD and a few others are still up 30 % from where we first bought. MDG has the smallest float. . .

I doubt that this move will affect the junior golds much [except in Vancouver where they are played like the ponies].

Rande Is
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