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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: Jim McMannis who wrote (87315)	6/25/2002 12:59:17 AM
From: Jamey	Read Replies (2) of 116814

Jim, the only gold company with records available was Homestake Mining. Roosevelt pegged the gold price at $35 an ounce but Homestake made its move long before that action occurred. I found a great article on it 5/20 on Gold Eagle website. The company went to $495 dollars a share in 1930 money value. It had 520% capital appreciation. 34% compounded yearly during the six depression years. Homestake paid out $128 in dividends. In 1935, the proxy paid out a $56 dividend per share- which represented 70% of the 1929 crash price of the stock! Santiago

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