HARMONY GOLD MINING -- HGMCY Message Board

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Gold/Mining/Energy : HARMONY GOLD MINING -- HGMCY

HMY 20.70

+0.4%

Jan 9 9:30 AM EST

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To: SOROS who wrote (170)	5/30/2002 3:02:58 PM
From: Toby Zidle	of 271

Here are further murmurs of "gold bubble". SG Securities Ltd.'s Nick Goodwin agrees with Davis, saying that "it's better to be out of gold stocks than be in them. Gold has become fashionable suddenly, like IT, and it's a bubble." He said that South African gold stocks were overpriced and were being pushed up by high and unwarranted valuations in international gold stocks. Last quarter's profits by the local industry were the best ever, but the bullion price would need to rise to $340 to maintain this level of profitability, he said. From Yahoo HGMCY board, #7699

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