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

To: Box-By-The-Riviera™ who wrote (59804)	10/14/2000 8:16:51 PM
From: Rarebird	Read Replies (1) \| Respond to of 116762

There's nothing wrong IMO in nibbling at certain Gold Mining Stocks Here as long as you have a long term horizon. Don't go into these gold mining stocks, Joel, and expect them to rally for you short term. You'll most likely become very disappointed. Be patient. Watch the currencies. Don't move to fast into these gold mining stocks. I don't think they've bottomed yet. The two best gold mining stocks IMHO are HGMCY and PDG. ABX is also very attractive here- though it is hated by many of the gold bugs on this thread- and I expect it to move lower here still. ABX will survive the Gold Bear. ABX will survive the Gold Bear. Don't ever forget that, Joel. Because ABX will be around to rally strongly when the Gold Bear is over. Forget about hitting home runs in the sector. Think about survival first. PDG will survive too and live to see the next gold bull. In regard to Gold, everything depends on the Dollar Index, Euro, Australian and Canadian Currencies. Gold is a Currency. The Reason why I continue to remain so bearish on Gold Mining Shares in general is the continued strength in the Dollar. You are better off waiting for the Dollar to break down then investing in these gold mining stocks beforehand. This thread is notorious for being absolutely wrong on a daily basis in regards to its predictions for the dollar breaking down. This is a bearish time period for Gold stocks. Wait IMHO. Don't rush to buy them. "True Asset Values" depends on the POG. The XAU just hit new all time lows. And the XAU usually leads the Yellow Metal. PS The Fundamentals are still horrendous for Gold. Wait for the fundamentals to improve. Don't rush it. It's been a Bear Market for over 20 years. JMHO. I'm not a short term trader in these gold stocks on the long side. And I can be wrong.

To: Box-By-The-Riviera™ who wrote (59804)	10/14/2000 9:26:14 PM
From: Stephen O	Respond to of 116762

If you can buy penny Canadian stocks, the best value by far is Blackhawk Mining BHK on TSE. This company has a producing mine in Nicaragua. It is generating cash at the rate of about 8c per share per year, mines gold at $145 an ounce and can be bought for 11c a share. It also has several other properties containing millions of ounces which could be brought into production if gold was at $350. If you are worried about its low price, don't, the major shareholder is Dundee Bancorp a major merchant banker in Canada which itself trades at $19 a share.

To: Box-By-The-Riviera™ who wrote (59804)	10/14/2000 10:16:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116762

<<do you mean the fundamentals today are still horrendous for Gold or that it is possible to risk that the fundamentals will improve in favor of Gold in the near to half term???>> Few "experts" find any downside in bullion at this point - most will admit this recent "bottom" has been retested enough so as to provide "proof". Sure, there are the gold bears that say $35-170, but for each of them there is a gold bull which says $400-6000. Is "no loss but no gain" a "reward" when people look at risk/reward equations? That is the question. IMHO truth will be found in the words "Trading Range".