Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: sylvester80 who wrote (95710)	7/17/2002 9:05:58 PM
From: Zeev Hed	Read Replies (4) of 99280

Syl, here you are making a big mistake, the earnings of gold companies with cash cost in the $270/ounce were negative or close to nil six months ago, and the price of the shares reflected the poor outlook, but at $300, some of these companies' earning could go up by a factor of 5 or 10, and thus the 400% price rise in the shares reflects the new reality accurately. The real question is whether gold will hold above $297, if it does, another attack on the $330/40 area will follow, and if the dollar continues its plunge, i think that higher gold prices will follow as well. Zeev

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