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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (296)	7/23/1999 10:47:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 587

Oh you don't know how insidiously stupid clever is. They won't buy now. They'll wait for the reaction which they assume might take gold to new lows. Then they'll get clever. They end up buying puts all the way up and writing it off as a successful hedge. They can't gain much if gold drops and they can't lose much if it rises, so why do it at all? The answer is image. You know that someone is pulling this new CEO's strings telling him he has to get with it and catch up with ABX image. The best way to do that he thinks is to look good to shareholders real or imagined. This is what they teach you at Harvard and then they pay you large quantities of money to show that you are clever and can hack it. It is all part of privileged society, so if you want to make loads and do nothing, you only need to enlist in the machinery that spews out the elite. Hey, that's what the poor want. After all, why settle for mere middle class mediocrity?