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To: Ralph W. who wrote (8568)8/3/2000 8:41:40 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
i just posted the Bensimon link...which reminds me, he has called EVERY market he looked at correctly, EXCEPT gold...

gold may be escaping the technicians due to market manipulation is my guess...he's also waiting for the rally that never comes...

yep, Goldfields had by far the best results of all SA gold miners...turned from a $123m. loss in '99 to a $103m. profit this year. its merger partner FN also had a stellar quarter...record results. both don't hedge, the merged group will have $1bn. in cash and marketable securities and virtually no debt, and both stocks are well on their way to zero...it's exasperating...

call it a buying opportunity if you like, but i've had it with buying opportunities...