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


To: long-gone who wrote (49966)3/3/2000 7:37:00 AM
From: Rarebird  Read Replies (1) | Respond to of 116764
 
<Can you even guess at buying (the currently larger than before) ABX,NEM, & HM at bankruptcy prices without anything going to the holders of common stock? This was the goal.>

How would you know the goal, Richard? Are you privy to Inside Information here? Or, just GATA Hype or BS?

I'm still waiting for your definition of "evil" that you loosely use to condemn others.



To: long-gone who wrote (49966)3/3/2000 8:36:00 AM
From: re3  Read Replies (1) | Respond to of 116764
 
i don't believe the goal would be to pick up xyz gold mine at pennies on the dollar, that i think is ridiculous. there are plenty of investors that are and will 'buy in size' even at current prices of the stocks and even if gold prices decline more.

longer term investors have clearly been burned on most golds, except for the top quality picks. even those have declined a lot from their highs. but investors with the quality holds (imo they are things like au, nem, etc) have not lost all their dough. investors in harmony are up a lot from a year ago. there will be a core of investors like myself who own a selection of these gold stocks and are somewhat impatient or cranky about the lack of movement but will nevertheless WAIT. Ignore the bs about manipulation, it ain't worth your time or energy. If you own some quality golds now, great, hold them and wait. Some quality golds pay a nice dividend, like au for example. You could use the dividend $ to gamble on some spec golds, or puts or even some of our friend Rarebirds high tech selections, why not ?

A few other random obervations ;
Peter Lynch said that many of his picks took a good three years to work out. We must allow ourselves time with the golds. The markets are at a record high and many of the world's most renowned investors have commented on overvaluation (Buffett, Templeton et al). And, back to the golds, the fellow who runs goldminingoutlook dot com just bought abx. It should become public knowledge shortly whether buffett still owns silver. Gates bought a piece of the action in pan am silver. So, i think us gold bugs have some good company !

so, in conclusion , ignore the manipulation talk and chill !
and wait ! i do believe us gold bugs will have our day in the sun, manipulation or not.