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


To: Crimson Ghost who wrote (2316)10/1/2001 7:19:31 PM
From: gold$10k  Respond to of 36161
 
<<Remember that Andy Smith is predicting $340 gold. Your upside projections could be too conservative>>

...especially if it stays at $340. If we use the prices of 1996 as a reference... POG was @ $400, NEM was @ $60, XAU was @ 150. If gold stock prices rise just 1/3 of the way from where we are to the 1996 price, we get NEM @ $36.50 and XAU @ 89. Actually that's about the same for XAU as the '99 spike in which the POG reached $340, so maybe Slider's in the ballpark.