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


To: PAUL ROBERTSON who wrote (58935)9/26/2000 11:16:56 PM
From: goldsheet  Respond to of 116972
 
> $2000 vs $600

Wild high predictions make goldbugs look crazy to the average investor, more likely to scare them away than attract them.

> spot price average of each day

Over the 100 day periods, average was $278.44, standard deviation was 5.71 - pretty close.
I also predicted $5.00 silver, average was $4.98, standard deviation $0.07 - even closer !

> Was thinking of buying some HM and DROOY in

DROOY hedges from the Randfontein acquisition are underwater and have the potential to cause a serious problem if gold rises quickly. I think they will work them out given time, but makes me nervous enough to avoid DROOY for now. HM is OK.