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


To: Ken Benes who wrote (60210)10/26/2000 11:58:06 AM
From: russet  Read Replies (1) | Respond to of 116789
 
<<<I believe abx/nem are headed lower and once they are in the low 11's and high 10's they represent value. >>>

The company directors and managers seem to agree with you that the stocks are not properly valued as yet. If they were good value, one would think they would buy their stock back.



To: Ken Benes who wrote (60210)10/26/2000 12:04:19 PM
From: Rarebird  Read Replies (1) | Respond to of 116789
 
<Unfortunately, investing on the prospects of a catastrophe is usually not wise and gold investors have been doing that for years resulting in continuing losses.>

Who is investing on the basis of a catastrophe? Not me. I see the signs of a hard landing here already and envision investors seeking out more tangible investment alternatives in the coming year. That's part of the economic cycle. Supply and demand are dependent on Currency exchange rates.

One can go to the same Well once to often. The Bears howl the most at bottoms.

I bought ABX and PDG near yesterday's lows.