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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: W PAUL who wrote (667)	4/3/2001 11:28:28 AM
From: russwinter	Read Replies (2) \| Respond to of 4051

I am apparently clueless about market reaction to just about everything that goes on with gold stocks nowadays. The equation appears to be to sell anyone who finds or buys gold. The main question I have about FN is their statement (which I believe, as I trust and respect their management) about getting leveraged to gold with this deal. That's going to be tough with NDY given the fact that they've capped and hedged everything but the kitchen sink. I assume most FN investors are like me, purists who want a true call on gold. The NDY deal clouds that, and it remains to be seen if the FN people have some kind of understanding with NDY on that issue. The selloff in FN may be in part a reflection about trading a clean gold call like Midas for 20% of an insurance company? I'm hopeful that NDY makes a change on that score however. In fact, I strongly feel that the gold market is so thin, that all FN would have to do to ignite a bull market would be to write out a large check for physical gold and deliver it against NDY's hedge book in exchange for another chunk of that company. FN's Lassonde may have the balls to do it, and if it looked like that was happening, mortgage the farm for FN. Watch for three or four million shares in FN here. Would suggest company might be doing share buybacks. I think FN is going to be proactive.