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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: d:oug who wrote (81817)2/10/2002 2:15:48 PM
From: goldsheet  Respond to of 116815
 
"... and that people can ignore it at their peril!"

I ignored Bill Murphy in 1998 when gold was $350 and he predicted $600.
Let's assume he is indeed now 100% correct and gold hits $600 by yearend.

Math lesson: 600/350 = 1.71, or 71% over 5 years
IRR (internal rate of return) = 1.71 ^ (1/5) - 1 = 11.4%

Great track record :(
I made more last week in two days trading ABX shares.

Do you actually own or trade gold shares or just talk about them ?
No need to mention your winner that changed names and did a 10:1 reverse split.