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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (2309)	10/1/2001 4:29:27 PM
From: gold$10k	Respond to of 36161

JimL, I sense that the whole PM sector is just simmering now below POG 300. Some individual issues are popping here and there as the entire group approaches escape velocity. vt

To: ItsAllCyclical who wrote (2309)	10/1/2001 4:40:21 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

NEM is THE chart to watch... Agree'd; impressive break today... has had steady, solid accumulation - as it should; being the most liquid, unhedged NA large cap Gold Stock. I'm doing an interesting "potential upside" chart - comparing gold/silvers to their peak in the Sept '99 spike on $320 Gold. NEM hit $30 then so 20-25% upside to that level. HGMCY hit $6.50ish so another 20-25% there as well. Some of the small/mid-cap fav's like AEM & GG are allready above the Sept '99 highs and we're seeing the heavy hedgers here like ABX & AU trailing badly on this last 52 week move....AU was $25 before the 9/99 breakout and hit $37 on the spike... is now $15ish here... imho, it incorrectly will get institutional money; allways does on any POG move, but it's so heavilly hedged that it is NOT the savy play on Gold, but has some "laggard potential"... still like NEM, HGMCY; but the silvers & small cap golds here are the "pocket-rockets" on the "when, not if" remaining move. It get's interesting on the small caps... KGC hit $3.75, CDE $5.68 (dilution since, but upside++), PAAS interestingly enough ramped from $5 to over $7.30 - and silvers are really interesting here imo...