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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (22556)12/2/2000 6:07:11 PM
From: JoeinIowa  Read Replies (1) | Respond to of 29382
 
Sergio,

The one thing I have always liked about gold stocks is that you can figure out exactly what they can earn depending on the price of gold. The ones I used to follow, HM,BMG,HL all have moved off their bottoms but I do not believe they can make money with gold at $270. It is not hard to figure out what price they need gold at to make money and I am having a hard time picturing that much movement without so serious inflation talk. Now I believe I saw a palladium stock here mentioned which might be of more interest.

Joe



To: Sergio H who wrote (22556)12/8/2000 1:59:34 AM
From: LAWRENCE C.  Respond to of 29382
 
Amigo, central banking selling of gold at higher prices and an increase in gold hedging by producers at higher prices is always a factor. Gold prospects are muddy. There could be some upward movement but will gold break out and when.
As the economy gets weaker, gold could break out upward. Time will tell. HM looks like a HOLD to me.
Lucky Lawrence