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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: Richard Mazzarella who wrote (64638)	2/27/2001 9:50:52 AM
From: russwinter	Read Replies (2) of 116762

One explanation for the early stage relative strength in S. African brave dogs and large cap tin men may be the markets they trade in (US listings). An American, Asian or European investor looking for quick exposure to gold stocks, and who really hasn't done their homework as yet, is not going to run out and open up a special Canadian side Greenline account, convert US money, and start buying the FGX's or IMG's. However, anybody serious about this play will be missing the best values and a lot of great names if they don't do it eventually. And I regret making the lukewarm remarks about DROOY and HGMCY. I think I hit a raw nerve with fellow gold bulls here and unnecessarily. At this stage the important thing is to be on board, more so than overanalyzing individual names. I don't believe my remarks served that purpose well. So let me restate my position: I think the brave dogs will perform well in the rally (in fact if you read my remarks I did say that). The stocks that will disappoint will be the tin men (aggressive hedgers/cappers).

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