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

To: ahhaha who wrote (44223)	10/28/1999 2:00:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116762

I don't think you've read his posts - but then you championed Ron Reece the other day and I had the same thought - that you hadn't read much of what he'd said either. A stock that's hard to buy is often a stock that's really on the move - it's hard to buy because you don't want to 'pay up', but that's often just what you have to do. I have no problem buying a gold stock just now where there is a compelling story - and there are a few of these no doubt. But Ken seems adamently against gold stocks - especially where there is hedging involved - he'd also like to see a gold cartel of some kind. The reason the larger companies hedge doesn't need to be explained - yet again. It is a fact of life. Portfolio managers who buy some of the boring majors just now may be well rewarded over the next year or two - or the golds may simply be an anchor in the portfolio - the only things not to go down - like short term treasuries in the 30s - when an investment which didn't fall was valuable for that reason.