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

To: Zardoz who wrote (73646)	7/19/2001 11:06:36 AM
From: marek_wojna	Read Replies (1) \| Respond to of 116830

<<. Until then, how about that loan? It's all these gold bull's fault.>> About the loan - are you sure you'll need it? Lots of things might happen in 13 hours of trading left this week. Finally you have to stop going to that recycled paper depot flooding the market with imaginary gold that doesn't exist even. That's even worse than selling real one for $20/oz.

To: Zardoz who wrote (73646)	7/21/2001 8:07:30 AM
From: Rarebird	Read Replies (4) \| Respond to of 116830

Still think ABX overpaid for HM? Veladero is a real big time winner for ABX moving forward: biz.yahoo.com PS As I've been telling you via PM for weeks, there is still a lot more gold and silver on Veladero which has been largely untapped even to this very day! With a 40% stake, ABX knew all about this prior to the merger IMO. I'm a ruthless businessman in real life, Hutch, with a sensitive exterior who only cares about the bottom line: Profit, Money. That's what it is all about. GPM is largely devoid of insight so many of its participants need to focus on superficial issues like Morality, which basically don't affect these markets. Yes, ABX could have waited and perhaps bought HM cheaper. But that involved market timing and they knew the facts about Veladero. With NEM recently preannouncing an earnings shortfall on Friday, it is only a matter of time before the smart institutional money moves from NEM to ABX, the greatest gold company in the world. The big boys take Friday afternoons off during the summer. So, the NEM preannouncement Friday afternoon has not been discounted yet IMHO. I shorted NEM on Friday above $20, as was my goal. I think NEM is the Dot Com of Gold stocks. I've studied NEM's balance sheet and IMHO it is poised to fall big time over the coming years. The Bush Administration is status quo all the way. Sure, they would love the Dollar to fall without having money leave U.S. denominated assets. That's the big problem they can't resolve and the reason why they are still bullish on the Dollar. I intend to initiate other short positions on a number of gold stocks once I receive confirmation early next week. If confirmation is bullish, I'll have no choice but to initiate other long positions and cover my NEM short.