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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Exsrch who wrote (416)	6/25/1999 11:36:00 PM
From: Wade	Read Replies (1) \| Respond to of 48092

I agree with you that ABX is the gold stock every goldbug should have in their portfolio. Their profit from the hedging program will keep on financing their acquisition and drilling activities. However, the gold future has no sign of recovery in sight. I wonder gold if gold has already become a commodity. POG will go lower if the production cost keeps on sliding. And more mines will close. ABX can buy them really cheap, basically they can steal these small companies for nothing. Why do you think Buffet would like ABX? .... for its expanding business in a shrinking industry? Sincerely, Wade