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

To: EasyWay who wrote (75904)	9/6/2001 9:29:56 AM
From: lorne	Respond to of 116823

Interview: Bobby Goldsell, AngloGold. BOBBY GODSELL:" It's rather "why consolidation?" What we are doing here, is we are putting together the largest Australian and the largest South African gold company. And, to an extent, what we are doing is creating a company that can take on the North American seniors, that is Newmont, Placer Dome and Barrick, that can play the game according to their own rules, and that can be a real rival for the investment dollar in the north American market. It is the largest capital market in the world. North American companies have traditionally enjoyed much higher ratings than Australian or South African gold companies. I think we've now got a company or will have, if the transaction succeeds, which I confidently expect it will, we'll have a company of a size and liquidity to be a real competitor with those three north American seniors." Full story >>> mips1.net

To: EasyWay who wrote (75904)	9/6/2001 9:48:31 AM
From: gold$10k	Respond to of 116823

Easy, I generally do not expect the market to make sense in the short term. IMO, this is what creates great buying (or selling) opportunities. But in the long term... vt

To: EasyWay who wrote (75904)	9/6/2001 10:22:37 AM
From: kirby49	Read Replies (1) \| Respond to of 116823

Easy: As long as it stays above 270 and hangs around 272 it's still just coiling IMHO. The trend is still up from the double bottom formed NOV & APR. A declining wedge has formed with the May spike which should breakout and hopefully the longer it coils the bigger the breakout. I too get discouraged when I look as my small portfolio of juniors and see some I should have dumped and others I should have sold for profit. The seven weeks of Apr & May test one's patience. Holding nine positions for 10 weeks now has seen totals go % 0 - 8 - 0 - 8 - 0 - 6 - (-2) - 4 - (-1) - 2 -(-1). Selling for profit or to reduce loss probably wouldn't have changed the outcome much during that time. I could have sat it out and watched it on paper, sat on cash or heaven forbid put it in techs<LOL>. None of those decisions would have left me with my positions at this crucial juncture however. There's the same declining wedge in my small portfolio. One lesson for me to learn now is if this breaks up to a new trading level and follows from the 7 weeks this spring, to trade the range early after the spike down, something that can be done more readily now than when trading the 93 or 79 markets. One glimmer of hope yesterday was the rise in TSEGPM index. Usually the rules are POG trails the indices, but also silver usually goes first. It's been sitting steady about 7% below and could be a leading indicator of the next change. If it dumps from here tighten all stops and reassess the situation. Regards Bob