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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)
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To: Tommaso who wrote (558)4/29/2003 12:02:40 AM
From: Broken_Clock  Read Replies (1) of 587
 
Still long?

I am preparing to re-enter NEM .. likely within the next 2-3 months. I'd like to see $18 but that may be wishful thinking. I'd be happy with $20-24.

I was looking at MDG but it has twice the shares outstanding as NEM but not nearly the gold reserves underground. NEM looks to be the play...still.

I am thinking when the DOW finally washes out NEM could see $60 again.

I like the NA miners because I believe the sinking buck will affect them in a more positive fashion...than say the SA miners or Canadians.
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