Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (80955)	6/18/2002 7:28:32 PM
From: Frederick Langford	Respond to of 99280

Here ya go Augie: Message 17620159 BTW, I like your little dog, really cute... Fred@animalloverfromwayback.com

To: augieboo who wrote (80955)	6/18/2002 7:31:38 PM
From: Bocor	Respond to of 99280

for starters I would suggest looking at KGC.... merging with TVX and ECO in third qtr which will turn them from a "junior" to a "senior" in short order! their cost of getting gold out of the ground will be below $200 an oz Management will remain totally KGC... 2 million oz a year production, minimum, with the highest leverage in the industry deal should be done by September Fidelity 2nd LARGEST shareholder of KGC >>Fidelity Funds Boost Kinross Gold Stake To 10.21% BOSTON (Dow Jones)--Certain fund accounts for which Fidelity Management & Research Co. serves as investment adviser have purchased 3,180,400 shares of Kinross Gold Corp. (KGC). In a news release, Fidelity said that, as a result of the purchase, it holds 36,576,300 shares of Kinross, or a 10.21% stake.DOW JONES NEWS 06-11-02>> IF you like gold, and you think the move is real, this is a terrific starter with pretty decent upside IMO.....

To: augieboo who wrote (80955)	6/18/2002 7:41:10 PM
From: Bruce A. Thompson	Respond to of 99280

Augie, Go to the RB DROOY board and ask that question. Those guys are very helpful. BT

To: augieboo who wrote (80955)	6/18/2002 8:01:54 PM
From: edboyl	Read Replies (3) \| Respond to of 99280

Augie, Here is a list composed by harry schultz, who has been following gold for decades. It's based on % of yearly production hedged agnico eagle 0 ashanti 873% aurion gold 862% anglo gold 184% barrick 298% cambior 309% cameco 400% durban deep(drooy) 67% echo bay 27% glamis, goldcorp,goldfields 0 hecla 102% newmont 124% normandy 400% placer dome 1202% no typo sons of gwalia 1157% tvx gold 220% The interesting thing is that only 19% of all gold hedging or short positions is by the producers. That means that the other 81% is done for speculation or other reasons for keeping the price of gold supressed. Also interesting to note that the total nominal value of derivatives on the books of the commercial banks of the reporting nations of the imf survey that was done is as folows: 900,000,000 ounces or $278000,000,000,000 @320 gold(price as I write) All the central banks in the world have about 890,579,485 ounces. You can see why the $330 mark was defended so heavily in gold, as that seems to be the line in the sand where their derivatives will start melting eddy