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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Terry D who wrote (77572)	10/30/2000 12:42:37 PM
From: Tommaso	Read Replies (1) \| Respond to of 95453

OT-- phlx.com click on component, etc.

To: Terry D who wrote (77572)	10/30/2000 12:44:51 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

XAU up 3% ... Got Cisco (puts) ? ... gotta go; I don't want to be accused of "gloating" ~ ;) PS: Let's hope the ESF & those last few remaining liquid NAZ-aholics can keep this Tech-Wreck afloat just a while longer for a Saddam Rally here...we need an Iraqi embargo to spike us here into this Naz melt...

To: Terry D who wrote (77572)	10/30/2000 1:42:43 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

o/t XAU weighting phlx.com Here's the top 7: ABX 27% PD 17% AU 14% PDG 13% NEM 12% FCX 6% HM 6% PD, FCX large copper components. FWIW - the "name of the game" imho - is selecting unhedged, or lightly hedged & very upside leveraged to the Price of Gold names here... ABX & AU are very hedged - would be the antithesis of being levered to the upside in the POG. Most would concur that NEM is the most upside levered to the POG of the "major" XAU components - but; not nearly as much as the unhedged, or very, very lightly hedged plays such as AEM FN.to GOLD HGMCY . DROOY is an interesting case; lightly hedged; but extremely levered - even looked upon as an "option" on the POG due to it's higher "costs"... HGMCY & GOLD may be hard to beat as financially stable non/very lightly hedged "names" who have high upside leverage to the POG. Go back to the Sept 1999 Rally & compare before & after prices/return %'s and you'll see the unhedged producers outperformed. Some very significant upside to the "pennies" here as well - some really "not" pennies in the classical sense - other than their shareprices. KGC an interesting No American play here and a "name" producer with - 5-10 "bagger" type of "spike" upside - worth a "DD" look; it & DROOY would be among the speculative plays with substantial if not exponential upside in an "event" driven POG breakout. KGC's net asset value moves up 180% for ea $25 move up in Gold and is cash flow positive all the way down to $241 Gold. Good Luck