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To: Enigma who wrote (53489)	6/1/2000 6:24:00 PM
From: goldsheet	Respond to of 116764

> Speaking of charts what do you think of ABX - it looks much stronger than NEM? I wasn't going to mention that, since I don't want to get into trouble (again), but since you brought it up; Newmont had a very impressive rally from 22ish to 27.75 by May 4th, up over 25% compared to the weak rise in Barrick from 16 to 18.50, up only 15%. Newmont has given back about 80% of the rise, going back to 23. Barrick gave back only about 20% of the rise closing near $18 The NEM/ABX ratio peaked at 1.50 on May 4th, and is now back down to 1.26 Relative strength: goldsheet.simplenet.com

To: Enigma who wrote (53489)	6/1/2000 7:31:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 116764

If you don't buy NEM above $19 maybe you'll never buy it? You're right, why buy NEM when there are better producers out there. PDG come to mind. There are always rumours, I could tell you of how many I've started that have come true. But for NEM to take over ABX would require a huge debt issue to ABX. For them to merge, there would need to be some overlapping of regions/productions. Most likely ABX & PDG makes a better fit. Although FN is a sign of a badly run company {inefficient} that is dier need of takeover. They should never have merged with Euro-Nevada. ABX chart: Don't like it. It hit the $28 CAD, $18.60 USD resistance twice, and is likely to fade over the next few days economical news coming from USA and Canada. Hutch

To: Enigma who wrote (53489)	6/2/2000 8:31:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116764

check it out kitco.com

To: Enigma who wrote (53489)	6/2/2000 8:33:00 AM
From: long-gone	Respond to of 116764

<<If you don't buy NEM above $19 maybe you'll never buy it? Here's one for the rumour mill - how about a merger between ABX and NEM - a takeover by the former really? They tried it once in the days of Goldsmith - and he and Munk were friends, but couldn't come to terms - difference of 'corporate culture' I seem to remember - but have had a lot of experience since at working together in Nevada. Speaking of charts what do you think of ABX - it looks much stronger than NEM? >> I don't know, seems the market thinks its ECO.