Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (2550)	2/8/2002 12:58:49 PM
From: The Vet	Read Replies (1) of 16631

Dave you said "the only reason gold is up is because it is being viewed as a safe haven" Can I be a heretic and suggest that it may really be a safe haven. After all the only reason that the XAU is up is that there are more buyers than sellers for gold shares, and as a result the shares are going up! Gold mining is a pretty simple business that everyone can understand not exactly an ENRON or GE or TYCO. They dig stuff out of the ground and sell it. Costs are pretty easy to predict and if the price of the product is going up (or the costs of production in the local currency go down) then .. hey presto .. they make more money for the shareholders. Check -- That does not necessarily hold for the hedgers.. As usual make sure you do your own DD.. Good luck to all....

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