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


To: goldsheet who wrote (52705)5/14/2000 12:22:00 PM
From: Alex  Respond to of 116756
 
Agreed. eom



To: goldsheet who wrote (52705)5/14/2000 12:32:00 PM
From: goldsheet  Respond to of 116756
 
biz.yahoo.com

Fourteen Leading Mining and Metals Companies Form Online Global Procurement Marketplace

The founding shareholders of the mining and metals procurement site include Alcan Aluminium Limited, Alcoa Inc., Anglo American plc, Barrick Gold Corp, The Broken Hill Proprietary Company Limited (BHP), Compania Nacional del Cobre de Chile (CODELCO), Companhia Vale do Rio Doce (CVRD), De Beers Consolidated Mines Ltd., Inco Ltd., Newmont Mining Corporation, Noranda Inc., Phelps Dodge Corporation, Rio Tinto and WMC Limited.



To: goldsheet who wrote (52705)5/14/2000 1:02:00 PM
From: LLCF  Respond to of 116756
 
< Even 1 million ounces doesn't do it anymore (one of my new realities of the gold market)>

As perception changes [worsens] more and more is demanded of the company until only a few are even on the radar screens on institutions. This is EXACTYLY what happend to biotech until about a year ago... you could have bought the whole sector for the market cap of MERK! Sound familiar?? Was this a "new reality"... yea for about a year, then BOOM! The fundamentals became so compelling they couldn't be ignored... check back and see the returns of this totally ignored sector:

Subject 14492

siliconinvestor.com

The second one is less than 1 year old, and the first only shows this year in it's returns but had a fabulous 99 as well.

I agree with you that unless gold moves there won't be many compelling stories, but I also wouldn't expect the current demands on a stock to make it buyable to remain so strict... if gold starts to move, the ugly ducklings will turn into swans just like every other sector has seen.

DAK