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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: IngotWeTrust who wrote (2903)11/15/2001 12:15:11 AM
From: Zardoz  Read Replies (1) | Respond to of 4051
 
Well I know you meant to say $162 Million {I'm sure you didn't mean $162,000 Million or $162K}
So I based my reply what the Nem guy said on TV, yet he was talking about it based on NEM preset share dillution and not the new dillution after FN.

Where do I see Gold going, well if you believe that the US will lead the world economy out of recession/depression then you must assume the US dollar will raise faster then Euros and Yen? Thus you must assume the opposite about the POG. So sub $250 again in my opinion. Bolstering share price by paying down debt would be better for Nem, then acquiring limited gold companies. Management has sucked for NEM for years, which is why NEM is a good short. But I do expect NEM to go down AFTER option expiration {not really based on today's news. So that since it went down today, I figure a retrace to sub $17 by month end.