SI
SI
discoversearch

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: Enigma who wrote (48640)2/9/2000 12:50:00 PM
From: goldsheet  Read Replies (2) | Respond to of 116768
 
As Ken Benes correctly states: the bottom line is how much PROFIT you make on the stocks
I previously put an ABX vs. NEM comparison online at: goldsheet.simplenet.com

Depending on the timeframe chosen, everyone can be right.

I did an analysis of 2555 data points since 1/1/90. For example, on 1/2/90 ABX was 7.50, NEM was 34.25, compare those numbers to today's price and you know which one you should have bought. I repeated the process 2555 times, in other words if you had bought a shares of each stock on each day for the last 2555 days, to see which one would have done best.

January 2, 1990 - to - date: ABX did better than NEM on 2155 days, NEM did better than ABX on 400 days

The most interesting number is if you had bought ABX on ANY day prior to May 28, 1998, you would have more money today than if you had bought Newmont.

After May 28, 1998, a 431 day period, you would have been better off buying NEM on 400 of the days, ABX on only 31 days.