Newmont Mining(NEM) & Newmont Gold(NGC) Message Board

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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: Edmund Lee who wrote (55)	10/10/1998 7:20:00 PM
From: RagTimeBand	of 587

Edmund FWIW >>Yahoo thread had a message that forecast a melt down of NEM. Is 4% cut in production going to kill the company?<< No. >>Price of the stock down over 10% in one day. Are investors over reacting?<< Possibly. >>After all, Gold is still on an uptrend and is forming a base Between $302 and $295.<< I've been watching the "Net Commercial Hedgers" position of the COT data. I was troubled to note that they have turned negative in a big way. Thus I wouldn't be surprised to see gold eventually weaken and turn down again. If that happens I'll be buying NEM. My opinion and $2 will buy you a cup of coffee, so take anything I have to say as a big FWIW. Emory

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