Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: craig crawford who wrote (110544)	6/28/2001 2:10:55 PM
From: pater tenebrarum	Read Replies (4) of 436258

who says it will tank to 200? that's a pipe dream imo. besides, since the gold indices have bottomed out in November of last year, ABX has been by far the worst performer: finance.yahoo.com iow, it has performed better during the bear market...but in a bull market it will underperform. it's also the most overvalued gold stock on a reserve valuation basis. why should i pay $100 per oz. of reserves in the ground when i can get them for $3 by buying unhedged Harmony? i repeat, in a bear market there's no reason to buy gold mining stocks at all (the joy of seeing the hedgers tank less i can do without...i want my stocks to go up, not go down). and in a bull market, the non-hedgers outperform by a wide margin.

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