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: Robert Dirks who wrote (43801)	10/25/1999 12:45:00 PM
From: Ken Benes	Read Replies (2) \| Respond to of 116833

Robert: There is absolutely no reason to own the big gold producers with the possible exception of any that are not hedged. Your investment is vulnerable on the downside and there is little or no upside. This makes these stocks the least desireable investment that I know. If you believe that the price of gold will rise, I believe your alternatives are limited to bullion/permutations of bullion(coins), and bullion derivatives. I would recommend selling the seniors into rallies, there is absolutely no reason to own these stocks. Quality unhedged juniors may be an alternative, but clearly they may be inhibited by their class association. Ken

To: Robert Dirks who wrote (43801)	10/25/1999 1:34:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116833

<<Interesting trading out there today. BIG Hedgers ABX and PDG are both getting whacked with the POG down, while Unhedged HM is up slightly. Looks like the few Gold stock investors left learnt their lesson, and will no longer support the HEDGERS...... >> I was these things, and wondered what to think. As you say, interesting...