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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (20799)	8/29/2000 10:14:24 AM
From: Ken W	Respond to of 29382

Kenny, "double leaves, lower branchs" LOL...out here it is how many acorns are on the oak trees and at what time in Aug. they begin to fall on the ground. The acorns started to fall early this year and there is a bumper crop of them. (my pot belly pig loves it!!) Anyway, it bodes for a wet cold winter here too. Maybe lots of people will be buying coats for their dogs from PETM and Poke' videos for their KIDE's LOL Ken

To: Ditchdigger who wrote (20799)	8/29/2000 7:22:37 PM
From: Sergio H	Read Replies (3) \| Respond to of 29382

DD, I've been looking at gold and other natural resource plays for the fourth quarter due to the rise in energy prices also. Natural resources tend to move in tandem, so a logical conclusion would be to expect gold prices as well as other commodity prices such as steel, lumber, etc. to also rise. Despite the historic natural resource correlation, I don't see the price of gold going up. The strong US dollar, held up by the weakness of the Euro and a new round of Asian banking problems will continue to hold gold prices down, IMO. As you know, gold prices are based on the value of the US dollar. I will change your pick to NEM if you like. Some thoughts on NEM and GOLD shared today on Bloomberg TV: <Michael Dudas of Bear Stearns focuses on gold stocks: -Equities overly discounting the current deterioration in price of gold -Gold stocks merit attention going forward till the end of the year; difficult to make long term bullish argument if inflation is under control -Lot of liquidity in gold markets, which dampens volatility in the sector -Lack of volatility in the sector is the main reason for lack of excitement in gold stocks -However, when gold stocks move, they move quickly and violently -Stock picks: NEM: most leveraged to gold price; stock oversold in the down trend in gold price; great management team; good reserve position; pop in gold price will move stock sharply HM: acquisitions in past impacting liquidity; well positioned ABX: defensive play; solid relative performer in current environment; comfort level when gold prices are lower.> Sergio