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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Ken Benes who wrote (70247)	5/24/2001 3:43:36 PM
From: long-gone	Respond to of 116874

Ken, Where did you learn math? Do you remember prior lows? Are you stupid or in your(short) math does $279 really = prior lows of 252? Do you even know that at $279 most larger miners are making money hand over fist with no-low hedging?

To: Ken Benes who wrote (70247)	5/24/2001 4:14:01 PM
From: rolatzi	Read Replies (1) \| Respond to of 116874

On October 12, 2000 Ken Benes says: Gold up 3.50, the xau struggling to stay over 47. When the inevitable decline in the pog returns, the xau will go down faster than the titanic. Between the efforts of the producers and the bankers, gold has more rubber rafts around its neck than the terrorists could aim at American ships. On October 13, 2000 Kene Benes says: Gold is giving up a good part of yesterdays gain as expected. Searching thru the news wires, a common theme is apparent. There is little investor interest and the market continues to be out of equilibrium with the miners continuing to overproduce with additional production expected in 2001. International crisis are becoming easier to handle. In the past countries had to worry about a runnaway flight to safety in the gold market, today, the blip in gold prices is limited to the shorts covering in case of a catastrophe. Investors continue to shun the market realizing that any rally is short lived with tonnes of gold ready to be thrown at the market by the producers. On October 25, 2000 Kene Benes said: Yes they will. Barrick, nem, pdg, fcx all will survive. Unfortunately, they can continue to fall, which I expect. If investors have lost faith in gold, they have lost more faith in the producers. Consequently, a further 25% drop is not out of the question. Should barrick and nem drop to the 10 range, the risk reward becomes more favorable as I cannot envision either company rising above 15. This allows a profit potential of approximately 50% from the 10 level. At current levels, the risk reward is poor.