Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (1136)	12/8/2003 8:05:26 PM
From: Wade	Read Replies (1) of 48092

It seems that US investors grossly ignored Monday's S. A. gold stock rally. ASA was traded at ~10% discount as of last Friday. If we add the additional gain of Monday, ASA was traded at amazing ~14% discount. The average discount value was 2-3% during the last 52 weeks. I see a big profit vacuum at here. Rand has eased by ~4% today which is a very significant change. You heard it at here first. Wade businessday.co.za JSE flat despite glistering gold stocks 09 December 2003 -------------------------------------------------------------------------------- By Alison Maltz A weaker rand and higher precious metal prices boosted heavyweight resources stocks on Monday, but the JSE Securities Exchange South Africa (JSE) finished flat, with industrials and financials dragged down by weaker European markets. While the all share index was up over 70 points at one stage in late afternoon trade, a sell-off during the closing auction saw it surrender its gains to end the day in neutral territory (-0.04%). Resources were up 0.87%, the gold mining index soared 3.38% and the platinum mining index gained 0.5%. The all share industrial and financial indices weakened 0.71% and 0.76% respectively, while the banks index tumbled 2.27%. The rand was trading at 6.43 per dollar from 6.33 when the JSE closed on Friday, while gold was quoted at US$406.25 an ounce from $402.50/oz at the JSE's last close. On the all share index, 61 shares advanced, 37 were unchanged and 57 declined. Only 14 shares on the Top 40 index were up, two were unchanged, while 25 lost ground. I-Net Bridge

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