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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: goldsheet who wrote (48693)	2/9/2000 1:37:00 PM
From: Enigma	Read Replies (1) of 116770

Some animals are more equal than others! And I don't care about sides - 'just the facts maam' is fine with me. But if one is a value investor one should be looking at the outlook for the future and whether today's price represents value, a bargain, whatever. I can remember when gold stocks sold for huge multiples (mind you nothing can compare with internut stocks with multiples of infinity!) - but 40 - 60 times earnings seems to ring a bell (and that would still have been a high multiple relative to cash flow). And as you know, multiples reflect the markets perception of future growth. At the moment we have, according to you, multiples of 10 X cash flow. Which tells me that these stocks couldn't be more out of fashion. And if you think that earnings and cash flow will grow substantially it seems that you have a pretty good bet on growth in stock prices. Enough, enough!

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