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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?


To: Dave who wrote (482)5/1/2002 8:03:51 PM
From: t2  Read Replies (1) | Respond to of 587
 
Dave, Any ideas on what are good gold stocks at this point.
NEM seems to get the most attention.
Interested in logic for buying other major gold stocks.
How are ABX, PDG, GOLD, AU etc. etc..

Interested in opinions.



To: Dave who wrote (482)5/1/2002 10:30:52 PM
From: Traveling Man  Read Replies (1) | Respond to of 587
 
Dave,

I honestly don't follow TA,but I don't know if they're without basis or not. I'm into fundamentals myself.
I guess I agree with the outlook on gold,but not for the same reasons.

The dollar won't fall far,IMO. What exactly is sounder,the US economy or say Japan's,Europe's or Bangladesh's?

I feel Japan's demise,the extended& extreme bear gold has been in,the natural process of equalizing values of assets and consolidation of gold producing companies is having it's toll on valuations,now positively. It's way past time,it really is not the result of any bizarre activity,IMO.

The gold market had it's inflated and fundamentally unsound upside in the late 70s. So have equity shares since 1983.

Natural rotation,IMO.

Palladin



To: Dave who wrote (482)5/4/2002 8:10:45 PM
From: TATRADER  Read Replies (1) | Respond to of 587
 
Have you ever read any books on TA? Usually when one makes such harsh judgments on TA, I have found that they really know nothing about it to begin with...Now don't take offense, everyone has their opinions...I am a technical trader, and have finally become very successful at it, and I trade purely with TA...

The reason I like NEM is because of a cup and handle pattern....My next price target is the 33-34 area, and that is doing some measuring of a pattern...Of course, that may be as you say, purely "unmitigated, unredeemable crap"...