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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Terry Rose who wrote (3827)	12/4/1997 10:04:00 PM
From: Broken_Clock	Read Replies (2) of 116753

I just did a walk through on few senior gold stocks. BMG, ABX, ASL, NEM...Wow!!! The call options are so cheap it's beyond ridiculous. for $1,610 you can tie up 1,000 shares of ABX all the way out to January, year 2000 at $25/share strike price. To put it in perspective...two months agos ABX was $25. All an investor needs is for gold to get back to $330(2 months ago price) by year 2000. Gee, that sounds risky...NOT! Risking $1,650 to own 1,000 shares of the world's premier Gold compamy 2 years from now is a no brainer. I'm there folks. I can't count on ol' Uncle Sam to ever give me back my Social Security but this bear in gold is just what I need to salt away a little retirement nest egg. Look at a chart of ABX...pushing the price down has been like pushing a beach ball under water...the deeper you go the harder it gets. I hope gold does hit $250...when it releases just stand out of the way or you'll get blasted.

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