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


To: Enigma who wrote (52367)5/5/2000 1:18:00 PM
From: goldsheet  Respond to of 116814
 
> I wonder for example about Kinross - the stock is the pits

I mentioned recently the current market cap of Kinross
is just about what they paid for AMAX Gold in mid-1998.



To: Enigma who wrote (52367)5/5/2000 2:09:00 PM
From: long-gone  Read Replies (1) | Respond to of 116814
 
<<But we live in a free enterprise system and mining companies have had to adjust. >>

I can't agree with that statement when it seems so obvious some banks & some governments have formed an anti-gold cartel - this makes it FAR from a "free enterprise system"!

I still couldn't support the miners doing it also. "Two wrongs never make one right but 3 do".

Of ABX, I invest in gold mining for the Upside when at last the manipulation fails, ends, or is killed my a new administration. Were I to invest heavily in one leveraged to the current pricing, I'm only allowed a more limited upside or perhaps a downside - depending on the level & amount of leverage used by that miner.

I won't blame ABX for the manipulation or even allow others to say ABX is involved. I'd far rather invest in those fighting against the evil than those figuring a way to survive the manipulation.



To: Enigma who wrote (52367)5/6/2000 10:48:00 PM
From: LLCF  Respond to of 116814
 
<Well there was obviously a lot of that sort of thing going on as a result of the war - and we know that the Swiss by buying gold from the Nazis in effect bank rolled the Nazi war effort - no questions asked.>

Well, wait a second... so Switzerland, a country that the Nazi's walked into when ever they wanted, gave the Nazi's what for gold? Swiss Francs? And what did the Nazi's do with the Francs? Who traded with them??? Other countries who had no such duress? It's my understanding that there is plenty of blame to go around.

DAK