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Non-Tech : Money Supply & The Federal Reserve

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To: glenn_a who wrote (941)8/17/2003 9:57:44 PM
From: Andrew  Read Replies (1) of 1379
 
My view for gold equities is that with a substantial move in gold to 450 or 500 the valuation of many juniors must go higher. The value here is gold in the ground IMO. The increased value of reserves should have a profound effect on juniors even during weak markets.

Combine this with the relative scarcity of quality gold companies. The Market cap of all publicly traded gold miners with market cap over 100M is less than a third of the value of Microsoft alone.

mips1.net

I agree that during a severe market decline the largest senior producers may suffer a bit but I'm staying clear of the AU's and the ABX's.
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