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

To: loantech who wrote (95248)	6/2/2003 2:10:25 PM
From: goldsheet	Respond to of 116957

In much (most?) of the world gold jewelry is very different from the high margin low carat crap sold on the home shopping channels. It's often 22kt chains, braclets, taels, and other forms that are really closer to a bullion coin or currency than jewelry. I started the Miramar discussion thread in 1996, and it is one of the few gold stocks I have lost money on ! It looks decent at current prices. In the big picture (related to GPM), I still there there are huge untapped resources in Nanavut. Maybe higher gold prices (>500,>2005) will start a gold old fashioned area play like we saw in the 93-96 timeframe. OT - Regarding mutual fund managers I learned in the early 1980s that these were like a triple play on the stock market. 1) assets under mangement went up = more fees, more profits 2) new money flowed into funds = more fees, more profits 3) P/E ratios expanded for all stocks, and fund managers often have low P/E's at market lows. Ran Dreyfus Corporation (before it was bought up) from 16-to-80