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

To: The Barracuda™ who wrote (44129)	10/28/1999 5:28:00 PM
From: The Barracuda™	Respond to of 116762

In the real estate industry it is "location, location, location." With stocks it's Cash flow, Cash flow, Cash flow. Stocks are bid up or down base upon expectations of future cash flow. The Internets are an example of stocks that market participants believe will have large future cash flows. Gold stocks OTOH have poor future expected cash flows, this inspite of golds recent price rise. The big money considers the gold price rise to be a short squeeze phenomenon and therefore temporary. They therefore do not expect any lasting future cash flow to be received by the mining companies. Hence the gold shares have not been bid up