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Gold/Mining/Energy : Gold Price Monitor
GDXJ 120.00+2.0%Dec 22 4:00 PM EST
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To: Alex who wrote (56161)7/13/2000 10:21:13 AM
From: Rarebird  Read Replies (2) of 116822
 
<Despite the drubbing it took this spring, this index remains at five times its level of just four years ago, with a staggering average weighted P/E of 144>

Have you looked at the PE of NEM? The NDX is at a lower PE than NEM. And Guess What? The NDX is growing much faster than NEM!

True, ABX and PDG, along with certain other gold stocks like HGMCY are dirt cheap if the POG cooperates. But NEM is in a bigger bubble than most of the tech sector.
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