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To: ild who wrote (32722)	10/31/2000 5:01:49 PM
From: pater tenebrarum	Respond to of 436258

yes, that's true. the SA gold producers have survived, and in some cases even thrived, due to the Rand weakening much faster than the USD gold price. it's nice to have your input costs in a dramatically weakening currency while your product is priced in a strong currency. of course that's little solace to shareholders, who see the prices of their SA based gold stocks getting oosiked like they were going out of business tomorrow. however, i know from experience that cyclical lows in the JGOL usually are made when the gap between the Rand gold price and the JGOL gets exceptionally large, as is now the case. as it were this is a sign of gold's relative strength vs. the USD improving, and the stock market usually doesn't believe it at first. note, the JGOL is at the low end of its 15 year trading range. at the high end, it is a 5 bagger, which ain't bad for an index. usually the rallies are much faster and sharper than the bear markets...sort of the opposite of the stock market in general (the same can be observed with the XAU btw.). as for your not having read all my 25,000 posts, i will call a committee into session to decide on appropriate punishment for you...-g- you mean i've written 25k posts? i need my head examined....