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To: Earlie who wrote (144374)1/17/2002 12:48:28 PM
From: LLCF  Read Replies (2) | Respond to of 436258
 
Thanks... btw, Mr. Market gave me the opportunity to buy the IBM pooots. Bought some now, plus will buy some if it rallys after earnings. Adding to SPX pooots here as well.

DAK



To: Earlie who wrote (144374)1/17/2002 12:52:53 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 436258
 
Earlie, >>For those who are perplexed by the fact that gold stocks seem to be relatively firm even as the price of gold remains volatile, this may provide part of the answer.

One answer is that a 20 year bear market had shredded some of the gold stocks to the point where they are dirt cheap relative to other investments.

Joan



To: Earlie who wrote (144374)1/17/2002 6:54:03 PM
From: Terry Maloney  Respond to of 436258
 
Earlie, thanks for the update.

I agree about the majors. Whether they want to cover their hedges or perpetuate them hardly matters, they are going to have to replenish their resources sooner than later in either case.

Thus the idea of buying gold in the ground for 30 bucks a pound appeals to me too ... <g>


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