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Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

Dec 2 4:00 PM EST

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To: Leeza Rodriguez who wrote (18003)	9/7/1998 4:21:00 PM
From: goldsnow	Read Replies (1) of 116791

>>>Reasons to own gold now: >>> Aside from insurance issues (currencies play) Mining stocks have an incredible fundamentals....All this talk on how POG dropped in Dollar terms, completely overlooks the very fact of dramatic reduction in costs for majors, incredible opportunities for fenomenal aquisitions..and simple fact that they are hedged, make huge amount of money and poised to have a further windfall on any up-side move...that is simply not avoidable when so many weaker producers are cutting production, freeze it or go out of business further strengthening fundamentals...( average cost of production in industry is close to $300)..More so your portion of portfolio in gold means that you did not waist it all on say Citicorp (cut in half in one month) At the end fundamentals/earnings rule in any industry..they are great here As for SA stocks they are so popular because they are not hedged and stand to have greater windfall on upside and many pay divident (5-10%---how much Dell pays?

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