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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?


To: baystock who wrote (287)10/10/1999 5:44:00 PM
From: JG  Read Replies (1) | Respond to of 851
 
It is my belief that many gold shares have not moved up to correspond to the POG because investors, both large and small, are waiting to see if the current POG and future prospects of gold price running up to and in excess of $400/oz is for real. Once that has been established in the mind of investors then we will see gold stocks go up dramatically. Jim



To: baystock who wrote (287)10/10/1999 8:02:00 PM
From: TATRADER  Read Replies (1) | Respond to of 851
 
I re-entered DROOY on Friday for round 3 at 1 31/32...I plan to finish filling my position Monday, should it move down to the 1.75-1.87 area...This stock has excellent support at 1.75, and for the longer term holder, it is now again in a good buy area....Long DROOY,KRY,HM, and hopefully GSR, should GSR come back to 1.00 area...



To: baystock who wrote (287)10/10/1999 10:59:00 PM
From: Silver Super Bull  Read Replies (1) | Respond to of 851
 
Ram,

Yes, I would agree DROOY should be a lot higher than $2 with POG at $320. I think the lack of appreciation can be attributed to 2 things...a) people don't necessarily believe this rally is "for real" and b) people are freaked out over this whole producer hedging thing, assuming that most producers are in over their heads.

DB