Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (38877)	8/12/1999 12:51:00 PM
From: Ken Benes	Read Replies (2) \| Respond to of 116866

Correction Richard: Gold up .70. As far as the juniors go, unless you have a lot of money to put at risk, I would be very careful. Any momentum in the gold market will bring out more hucksters from Vancover than gold out of the ground. The junior market is rigged for the purveyors of private placement stock, who use any good news to unload this stock when it becomes unrestricted onto the unwary investor. The guys behind the junior market made a killing several years ago and have been living off the proceeds of the loses suffered by novice investors. With a buzz returning to the gold market, these guys are dusting off their spin machines. For the average investor, stay with the big names, and do not become a long term investor in gold. Making money in the gold market requires some very adroit trading abilities. Ken

To: baystock who wrote (38877)	8/12/1999 1:12:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 116866

<<Fair enough, let us use $400 gold and equal $ weighting for each stock. >> Fine.... Current price for my picks: CBD: C$1.85 MFL: C$0.70 SWG: C$4.45 Yours: HGMCY: US$4.75 RANGY: US$3.68 DROOY: US$1.78 I Hope gold will be $400 before I lose my patience with the sector <g>

To: baystock who wrote (38877)	8/12/1999 1:37:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 116866

Ram Rao, BTW, aren't you concern with those SA balance sheets. What if gold goes down for a few years before we finally have this grand bull. DROOY: Net current assets: $168,000 Long term Liabilities: $35.6 millions Cash costs: US$270 Hedged at US$290 or so till June 2001. HARMONY is in better shape. But I think they have no hedges so...big problems if gold go south below their cash costs of US$240. Both need higher gold prices and would have big problems would gold head south for a few years. Not so with the juniors. They can be patient with no debt, no reserves being depleted...etc. In a gold bull, HGMCY has to be a favorite producer... but the question is: "Is gold heading higher for real". Of course, if gold is heading lower, we are better off with cash in the bank. But this is not the question. Claude.