Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: re3 who wrote (73767)	7/21/2001 2:36:16 PM
From: gold$10k	Respond to of 116830

Ike, an excellent point! NEM has been in an uptrend since last November when it made a 15 year low and arguably a double bottom with its August, 1998 low. As Zeev Hed has said, "When FA and TA do not jive, believe the TA".

To: re3 who wrote (73767)	7/21/2001 3:58:28 PM
From: Square_Dealings	Respond to of 116830

How do you value the assets in the ground for these companies? The major producers wrote down the value of their inventory last year to reflect a lower price of gold. So they are in the process of taking charges for these write-downs. The thing that most people either miss or purposely leave out of their analysis is that should the price of gold move up even 10% from the current levels to around $300 these companies become cash cows (because the losses will have been already taken, lowering the cost of goods). At prices of $400 or above they become gold mines -g-. You have to like this chart. The masses will notice and jump in around $300 to take it to another level stockcharts.com[m,a]mhclyymy[pb50!b200][vc60][iUb14!La12,26,9] ike, are you still in Europe? M.