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Strategies & Market Trends : Take the Money and Run

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To: John Pitera who wrote (1200)5/29/2002 11:39:48 AM
From: Logain Ablar  Read Replies (1) of 17639
 
John:

Not sure of todays valuations but the $30B used for the publicly traded gold miners was back late 2000 so going by some of the stocks I'd say its now closer to $100B. This is just a guess.

While I keep expecting a pullback in the price of gold we haven't really seen one since the recent break of $300. I thought 325 was a resistance point.

Heinz, Jay Chen and many on the CFZ have been talking miners and the metal for the past two years (as well as JXM, I remember his NEM) and how its ready for a major bull move. Its form them and E Graphs that I've learned about the miners, hedging, CB selling, etc. Slider on the Black on the drilling thread is also knowledgable in this area.

I distinctly remember Heinz pointing out a couple of years ago Homestake going up 10 fold (and paying dividends) during the depression. Of course Homestake was acquired last year.

Tim
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