SI
SI
discoversearch

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.
Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: R L who wrote (996)10/20/2001 12:40:39 PM
From: R L  Read Replies (1) | Respond to of 99280
 
Zeev,
I have to apologise.
The link I gave you for xau,
guniff.cairns.net.au
is out of date as of 10/08/01.
It should be updated with the following additions and deletion that were made on Oct 8th.
phlx.com

regards,
RL



To: R L who wrote (996)10/20/2001 1:10:44 PM
From: Zeev Hed  Respond to of 99280
 
RL, thanks, what a joke this index, Phelps Dodge a gold producer? In any event, the only companies making money are AEM, FCX and MDG, the bulk of the AUX profits is FCX. The PE on the XAU is a staggering 172 and even its P/S and P/B are 2, but if you take out PD, guess what, they are 2.5. I would say that on a fundamental basis, unless gold breaks $300, the XAU is simply too expensive even here.

Zeev