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To: Lucretius who wrote (40996)	11/27/2000 12:07:10 PM
From: Perspective	Read Replies (1) \| Respond to of 436258

Are they ALLOWED to recommend buying gold stocks? <g> MSDW must be out of their short position now... bigcharts.com 11:50AM Gold stocks extend gains ($GOX, PDG, ABX, HM) by Tomi Kilgore Morgan Stanley Dean Witter analyst Michael Durose said a short-covering rally could be near in gold stocks, as the shares appear to be undervalued. Durose noted that the spot gold price has been trading in a narrow range of late, but speculators are net short the highest level since May. The CBOE Gold Index ($GOX) is 3.4 percent, and has risen 14 percent in the last 5 trading days. Durose added the diversifying portfolios into selected gold stocks "is a valid strategy, in our view." Among stocks he rates at "outperform," Placer Dome (PDG) is gaining 50 cents to $9.25, Barrick Gold (ABX) is adding 44 cents to $14.63 and Homestake Mining (HM) is moving up 19 cents to $4.38.