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

To: Zeev Hed who wrote (2837)	11/3/2001 1:33:57 AM
From: waverider	Read Replies (1) \| Respond to of 99280

Zeev, like most of us here, I'm a trader. The thought of holding anything into next year is beyond my imagination. In their earnings release Monday they returned to profitability with 11 cents per share. Also... >>>Wayne W. Murdy, Newmont's President and Chief Executive Officer, said, ``As previously stated, Newmont expects to be profitable for all of 2001, excluding merger related costs, and to generate $400 million, or $2 per share, in operating cash flow. We are on target to produce 5.4 million equity ounces of gold at only slightly higher total production costs than a year ago.<<< So I dunno what the future holds here, but it seems the better than expected earnings for the third quarter and the nervousness in the market has been good to NEM this week. Up about 2 bucks. I'll take it. Regardless, it is the chart I am interested in. So forgetting the fundies, what do you think of the technicals? wr

To: Zeev Hed who wrote (2837)	11/3/2001 8:05:41 AM
From: Rick Storm	Read Replies (1) \| Respond to of 99280

zeev, do you think 17.5 will hold for qlti? Do you think the most recent news is a material event? thanks

To: Zeev Hed who wrote (2837)	11/3/2001 10:53:43 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99280

Zeev: Two points re: gold Leonard Kaplan -- perhaps the nation's leading gold analyst frequently quoted in the press with no bullish or bearish axes to grind -- now is bullish after being bearish for many years. He argues that negative real interest rates and the perception that the US no longer is invulnerable will eventually trigger a big rise in investment demand for gold. But he expects the rise to be slow and measured with short-term overbought conditions quickly corrected. Second I don't think the CRB is that important for gold one way or another. Fluctuations in the dollar and real interest rates are much more significant IMHO.