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

To: Enigma who wrote (54469)6/16/2000 9:09:00 AM
From: long-gone  Read Replies (1) | Respond to of 116823
 
I wonder if they are short gold?
* Wachovia Corp. (NYSE:WB <http://finance.yahoo.com/q?s=wb&d=t> - news </n/w/wb.html>) said slower earnings and revenue growth will force the bank to record results below estimates. The warning shook banking stocks and raised concerns about credit quality.
biz.yahoo.com



To: Enigma who wrote (54469)6/16/2000 9:23:00 AM
From: Ken Benes  Read Replies (1) | Respond to of 116823
 
If that is the case gold equities will be assigned to the scrap heap of investors interest. People looking for a return on money will not look to the pennies generated by the producers who are driving the price of their goods into the ground because of overproduction, to wit the recent performance of the xau. Whether you believe it or not, the management of the gold producers are the laughing stock of the equities market.

Ken


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