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

To: Enigma who wrote (52386)	5/6/2000 12:06:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116814

NEW YORK, May 5 (Reuters) - The Economic Cycle Research Institute's (ECRI) monthly U.S. future inflation gauge rose to an 11-year high of 124.7 in April from a downwardly-revised 123.3 in March, the institute said on Friday. The annualized growth rate climbed to 14.1 percent in April from 13.7 percent in the prior month. According to the report, the gauge moved upward in April due to stronger job growth and increases in real estate loans, which reached a 12 year high. In addition, more purchasing managers reported slower deliveries. A narrower yield spread was partly offset by a sharp drop in the growth rate of the survey's industrial price index, the report said. The insured unemployment rate fell to a record low for the seventh straight month, the survey noted. The report said that overall, the global economic expansion is raising import price inflation, and the U.S. economy continues to power ahead in the face of higher interest rates from the Federal Reserve.

To: Enigma who wrote (52386)	5/6/2000 3:57:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116814

> I think people should start valuing gold companies by more conventional means This is too simplistic, but: Producers are currently trading at about 8-10 times cash flow, 20X is historically "more reasonable" For a buyer: Gold in the ground (proven and probable) is worth $25-35 per ounce, although $50 is reasonable for a good deposit. Historically, it was like $75/ounce. If you are a producer, your ability to turn $25-35 gold in the ground into production at market prices (or above) is often reflected in you market cap. Barrick is currently valued at 100/oz of reserves, NEM@60, HM@50, BMG/PDG@35, etc... Some of my favorite Australians (Newcrest/Delta) are undervalued at $35. South Africans command as little as $10/oz of reserves