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


To: goldsheet who wrote (50420)3/15/2000 3:01:00 PM
From: Enigma  Respond to of 116822
 
Thanks and nota bene! eom



To: goldsheet who wrote (50420)3/15/2000 3:16:00 PM
From: Ken Benes  Read Replies (1) | Respond to of 116822
 
That is precisely the point, gold investors are looking for leverage and the leverage a company has to the pog is manifested in volatility. Unless you are shorting a stock, the percentage up is what counts and it is nem's ability to rise farther and faster in the short term that has made it a better investment. ABX on the other hand has lost a good deal of their leverage thru the size and scope of their hedge book. Gold investors are not looking for stability when investing in a gold equity, they want upside potential, and nem offers that at the moment.

Ken