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

To: Ken Benes who wrote (50147)	3/7/2000 4:54:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 116815

Nem up 2.5 today, barrick up 1. Amen, I will gladly put the extra 1.5 point in my pocket for a short term trade. Wow, you really don't get it do you? NEM up $2 7/16, BIG deal {to you}. Guess you forget that NEM is more of a silver play then gold play? Guess you exclude the PE's cause that just gets in your way? Guess you neglect market cap, and Book value? Guess you ignore earnings all together? Guess you ignore dividend yields? Guess you only look at price change and not percentage change? Guess you forget that TSE was down for most of the day and the effects? Guess you ignore just about everything outside your blinders, cause I guess you are just BLIND. Want to see an oxymoron comment: For the longer term, barrick is currently selling for less than it did in 1993 despite threefold increases in production, and inspite of its innovative hedging techniques, which by the way increased supply and help pull the rug from under the price of gold. This is of course a motley fools way of valuing a company. Look at share price only. What you forget to take into account in the book value of proven reserves which have grown from 1993 to today's date. This proven reserves and the increase in production of LOW price costs, when gold climbs, is what makes the pent up value of this stock SOAR when the price of gold climbs in the future. You think NEM looks good on the day, and yet only on this day it does. NEM reserves of GOLD has not increased as rapidly as ABX. And NEM has NOT lower cost of production as much or fast as ABX. So on a direct comparision you of course are grossly wrong. So when you next look at a gold company try to look at the earning, cost of production... and the rest. How many more years has NEM been around longer then ABX, and why haven't they grown larger? If it is your intentions only to look at TA of the gold sector then you fluked out. All this said... PDG is/was the better buy. To quote your ideology: it go up 9.70% given the days ahead it will surpace NEM in rise. But PDG is a gold play, NEM is a silver-gold play... emphase the silver. Hutch