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To: MythMan who wrote (24892)	4/11/2000 5:00:00 PM
From: re3	Respond to of 42523

have it your way.

To: MythMan who wrote (24892)	4/11/2000 5:11:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

i think t-bill yields could drift a bit higher still... to say nothing about gold, which i'm going to do anyway: it's set to make a big move...i hope it will be up.

To: MythMan who wrote (24892)	4/11/2000 8:16:00 PM
From: re3	Respond to of 42523

Ronald Cambre, CEO of Newmont Mining Co., stated on Tuesday, April 11, 2000 that major company mergers are needed in the depressed gold industry to rekindle investment interest. "In today's technology-driven equities market, gold is simply not relevant to most investors. The market capitalization of the entire wold gold industry is less than $40 billion--less than half the value of AOL. Only nine gold companies have a market capitalization of over $1 billion. Few companies today could issue equity in sufficient quantity to finance a major new gold project. The capital markets are telling us that size matters. North American gold funds today hold only $2 billion in assets as investors have withdrawn funds to invest elsewhere." KAPLAN'S CORNER: QUESTION: Given changes in the relative valuations of gold mining shares over the past few weeks, which would make the most sense for current investment? ANSWER: Placer Dome (PDG), Anglogold (AU), and Harmony Gold Mines (HGMCY) have dropped in price, so they represent more compelling value than they did a few weeks ago. Gold Fields (GOLD) is also a good choice, having shown recent price weakness. Those producers which are losing money should continue to be avoided, as money-losing companies of all kinds, whether they be in high tech or gold mining, are likely to suffer in the current investment environment.