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To: lisalisalisa who wrote (161291)4/22/2002 12:07:57 AM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 436258
 
lisa, >>The stock has done as well, or better than any gold
stock (up about 350% YOY)

Not quite all gold stocks. Take a look at DROOY - I bought a lot at .62 cents and Fridays close was $3.86 which in my book is 517%. <ggg> This does not meet your $5 requirement, but after a 20 year bear market very few good gold companies were trading at $5 at the bottom.

Joan



To: lisalisalisa who wrote (161291)4/22/2002 12:26:15 AM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
The stock has done as well, or better than any gold stock (up about 350% YOY), and yet gets maybe one or two posts on it's yahoo board a day.

Oh boy, I love it when I come across one of those. I was looking at one just the other day, the thing was up 300% for the year and there were three posts from July 'till now.

I wouldn't worry too much about who is in gold producers. People are always drawn to percentage movers. This doesn't mean that the fundamental reason for owning the stocks is wrong. If you look at any area of investment that grows 100-1000% you will see over time that it attracts all kinds of nuts. What will sustain the producers is the POG and what drives that is investment demand for gold. If the rise in the price of gold remains intact the producers will lead at a multiple to that price rise (this multiple also works in reverse).