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To: goldsheet who wrote (7098)8/11/1999 8:30:00 AM
From: sea_urchin  Read Replies (2) | Respond to of 82177
 
Bob : For what it's worth, I also do long-term, multiple regression analyses of the prices of some SAf gold shares in comparison to a bunch of other SAf share indices eg mining financial, industrial, platinum etc. On these analyses, SAf gold shares (those I do) are rock bottom. Anglogold is the most expensive but, of course, it has the most revamped operation. The cheapest is the new Goldfields = mainly Driefontein, Kloof, Beatrix in old terminology.

So, therefore, there is a contradiction. The gold shares are expensive compared to the gold price but very, very cheap compared to other classes of shares.




To: goldsheet who wrote (7098)8/11/1999 2:11:00 PM
From: Jim McMannis  Respond to of 82177
 
RE:"When gold bottomed at 275.70 in 1998, the XAU hit 48.89.
The recent 1999 gold low of $253.60 came with an XAU low of 56.44."

Good observation, Robert. Guree finally threw in the towel on a retest of 49. That was good for him too. Maybe this is our day in the sun.

Jim


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