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

To: ahhaha who wrote (361)	9/27/1999 3:35:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 587

Ahhaha, just started a position in NEM . This is breakout activity today which is very bullish. If unemployment data continue to come in lower and lower and the NAPM next fri is up, inflation fears will drive NEM to 40 in a couple of weeks? just like 2 years ago; love it, TA

To: ahhaha who wrote (361)	9/27/1999 7:45:00 PM
From: ahhaha	Read Replies (4) \| Respond to of 587

Follow up: From Reuters, 9/27/99. In July, Newmont said it had sold forward 483,000 ounces of gold at $300 an ounce in order to reduce term financing. The contract allowed Newmont to reap the benefit of a high gold price up to $380, the company said at the time. They did or they didn't; only their accountant doesn't know for sure. In any event if this is typical for the industry gold must rise to at least $380. The reason is that the market knows that there is demand above so it is a free ride until the necessary demand is satisfied. I believe it is representative because smart hedgers all do the same thing and by the autocorrelation bring the roof down on their heads just like LTCM. I hope the more astute of you can appreciate the insidious nature of clever and how profitable it can be.