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

To: long-gone who wrote (59418)10/5/2000 2:37:55 PM
From: Rarebird  Read Replies (1) | Respond to of 116758
 
But doesn't the book value of a gold company go down if the POG declines?



To: long-gone who wrote (59418)10/5/2000 2:39:15 PM
From: PAUL ROBERTSON  Read Replies (3) | Respond to of 116758
 
lower gold index closes today will likely bring a rant of selling tomorrow as the short term chart patterns look so pathetic. It is interesting to note how all positive gold stock chart patterns eventually get crushed while negative patterns almost always follow through.

Paul



To: long-gone who wrote (59418)10/5/2000 2:42:14 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 116758
 
long, <<producers trading below book value>> IMO they will trade even lower. The general equities market HAS to be convinced that stocks suck before you see any return to perceived safety (gold). We need two different market capitulations before gold's in play IMO.

PS, remember it’s not what we believe, but what the masses believe.


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