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: John D. White who wrote ()	10/4/1998 7:24:00 PM
From: Axxel	Read Replies (1) of 48092

New Buy Rec on NEM & HM...FYI New York, Oct. 2 (Bloomberg) -- Newmont Mining Corp. (NEM) rose as much as 1 7/16 to 27 13/16 as the majority shareholder in Newmont Gold Co., the world's second-largest gold producer, was rated ''strong buy'' in new coverage by analyst Axxel Knutson at Janssen Meyers Associates, who can see the stock reaching 35 or even 40 in a year. Knutson said it's the best-run gold producer in the world, and with gold priced at historically low valuation levels, the precious metal could gain in appeal should Japan's Nikkei stock index fall below 10,000, Knutson said. Also, the company's management has proven it can ''live well in adversity,'' the analyst said.

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