Want to take Moneta on a Road-test ?
The following is from the end of an unrelated article -
"American radio systems revisited"
I can e-mail the entire article if it disappears from the present location:
cbs.marketwatch.com
CBS MarketWatch StockWatch
Wed Nov 26 18:09 1997
Outside of technology, gold investors are still
wringing their hands as the price of the metal flirts
with 12 1/2-year lows.
Robert Bishop of Gold Mining Stock Report calls
the current market for gold and gold stocks "metastatic."
Bishop, a longtime gold editor, says,
"For those not familiar with the term, metastatic refers
to the process of disease transmission from an original
site to one or more sites elsewhere in the body."
He's referring to central banks from Australia,
Switzerland, Germany and so on, all of them taking steps
to dump part of their gold reserves on the open market,
thus driving the price of the metal lower and lower.
Prognosis:
Bishop says investors should keep their eyes on gold
mining candidates that seem poised to discover deep deposits.
Many, like Corriente, trade in Canada but explore in South America.
The price of the metal Wednesday fell below $300 an ounce
for the first time in more than 12 years.
[CBS MarketWatch]
Thom Calandra is CBS MarketWatch's editor-in-chief.
For discussion only,
- as CORRIENTE RES INC (CTQ-TC)
Canada - Toronto
is the designated example of an "ideal target",
how does Moneta compare ?
Please remember mention of Corriente in any news article
may skew its price upwards for a while relative to Moneta's
and this should be factored out. perhaps including unmentioned
companies similar to Corriente would level the field
with regard to price performance.
Similar fundamentals, I hope to be the point of interest.
The price should simply follow.
In the nutshell,
I am thinking about a vast number of portfolios which today
no longer contain the rule of thumb 10% gold related hedge
due to recent deflation in the mining sector.
Investors will be looking to add/restore back to the 10% position.
Smart investors will do more.
They know a "desirable" mining company's value outperforms
an actual rise in gold price by about 10 to 1.
Is moneta one of the companies they will be looking at.
Is moneta a desirable target for this situation.
I'm looking at the why, and why not.
I will be examining the situation from this viewpoint
on my own, but invite participation.
Want to take Moneta on a Road-test ?
Dave |
