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

To: Rarebird who wrote (50103)3/7/2000 6:40:00 AM
From: long-gone  Read Replies (2) | Respond to of 116815
 
<<ABX is a better company than NEM. Look at NEM's debt.>>

Could not a hedged position not be viewed as the same as(or worseor even worse than) debt in a raising price environment?



To: Rarebird who wrote (50103)3/7/2000 9:57:00 AM
From: Ken Benes  Read Replies (3) | Respond to of 116815
 
If abx is a better company than go for it. Today nem is up .56 @ 22.56, while barrick is squeezing out .06 at 16.1875. For trading, it is a no brainer nem over barrick. A significant number of gold investors recognize barrick as a corrosive force that has helped savage the gold industry.
Ken



To: Rarebird who wrote (50103)3/7/2000 10:33:00 AM
From: long-gone  Read Replies (1) | Respond to of 116815
 
<<ABX is a better company than NEM. >>

That is not what the market trend & momentum are telling you, now is it? You are one of those which told me "the trend is your friend".


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