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


To: Claude Cormier who wrote (1823)8/9/2001 5:22:39 PM
From: TrueScouse  Read Replies (1) | Respond to of 4051
 
Claude:

Today's move in gold shows just what might happen to some of the exploration stocks when the really big move comes! A few things I noticed, due to a rise of only about 2% in the POG....

- BGI -- Up 16% on the day
- CBD -- Up 22% on a volume of 60,000 shares
- FGX -- Not up much, but the spread has increased to $6.01 -> $6.43 :^)
- GEO -- Intraday move from a low of $0.22 to close at $0.27, on a volume of 166,000
- MR -- Up 10% on 56,000 volume -- Spead now $1.07 to $1.15.

Imagine what they'll do if gold goes up by 10 or 20%.

The sleeper for me is still SWG, with none traded today. Now that it's just below $3.00 and therefore not marginable, it could be that some of the funds are not allowed to buy it. But this could change very quickly. It's frustrating to hold such a high quality stock that's doing so little -- but this is one for the long term IMO. Patience, Howy, patience... <g>

Let's see if there's any follow-through tomorrow. Even the Japanese Yen was up sharply against the dollar today, despite the economic meltdown in Japan! Is the worm finally turning....?

Regards,
Howy