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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: smolejv@gmx.net who wrote (24056)10/9/2002 5:13:04 PM
From: Louis V. Lambrecht  Respond to of 74559
 
costs were undervalued as compared to the dollar-denominated output?
Yes. Pay the cost in monopoly money and get fiat paper instead.

This also is true for most miners as you can read SA as both South Africa and South America. Many NA miners have mines/prospection fields in South America.

And, agree, price of gold is really amazing. Holding a 318-325 channel, while paper is dumped with the other indexes. On low volumes, 65 average volume to half of average. Curious spreads also: HL - 9.5% (broke support), ASL + 5.4% (rebound on 200DMA).
4 winners to 6 losers indeed.