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

To: Serge Ladouceur who wrote (57388)	8/17/2000 10:57:59 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116947

Buying calls on gold companies would be throwing your money away. While the premiums may not be that high, out of the money calls would be a crap shoot since the price of the producers would have to move up to the strike price in a defined period of time. Todays action in the xau demonstrates that little investor money is available to provide the momentum for the producers to move much higher indicating a high probability that the options would expire worthless. Ken