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

To: pezz who wrote (35664)	7/2/2003 9:08:23 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Pezz, <<Ya almost got me convinced.....Don't wanna hafta go back to LA and work... >> I will keep at it, and soon the market may convince you of what I am not able to, and should you repent at the onset of moment of truth, you may yet be saved :0) Chugs, Jay

To: pezz who wrote (35664)	7/3/2003 2:58:30 AM
From: TobagoJack	Respond to of 74559

Hello Pezz, <<NEM>> ... could it be? Is it reasonable? Is it possible? Is it time to rush in where fools have been before, pile on, and ... From The Chart Room Gold Bulls Pick A New Horse Ben Berentson, 07.02.03, 2:00 PM ET forbes.com The recent gold bull market saw the price per ounce run up to a high of nearly $380 in January 2003 from $270 in January 2001. But lately gold has lost some luster: the price of gold has dropped wider than 10% in the past five months, although it still stands at a historically high $345 per ounce. Have the salad days for gold come and gone? Not according to Costa Rican-based Mary Anne and Pamela Aden, editors of the Aden Forecast. Their last pick in this column was about a year ago: Glamis Gold (nyse: GLG - news - people ), which they recommended at around $8.50. It now trades for $11.75 but sold for as high as $13 per share in January 2003. Currently the Adens are high on Newmont Mining (nyse: NEM - news - people ), one of the most widely held gold stocks and is the world's largest producer. The company has gold reserves of nearly 90 million ounces coming from mines in North America, Australia and New Zealand. The stock currently trades at just over $33 per share. The Adens are betting that a soft dollar will give gold new life in the coming months. They chose NEM because it has been the strongest of the gold stocks in recent months: "It's also the most likely to attract inflows from mutual funds and mainstream investors," they say. According to the Adens, gold stocks have outperformed gold over the past two years: a characteristic of a gold bull market. And they say that this trend shows no signs of slowing. Technically, NEM is coming off of a major bottom and is locked securely in a long-term uptrend. "If it stays at about this $32 level, it will mark a clean break above the resistance link and out of this bottom formation." The Adens think that, if it does this, NEM is headed to $46 per share.

To: pezz who wrote (35664)	7/3/2003 8:45:09 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hello Pezz, Tough-love play by <<NEM>> :0) Newmont Yandal in voluntary administration thewest.com.au NEWMONT Mining Corp's Australian subsidiary went into voluntary administration today ... The move into voluntary administration came after Newmont failed to gain 100 per cent acceptances from Yandal's creditors to acquire their debt claims. All of the creditors had to accept a two-tier offer from Newmont to buy back more than $US400 million in outstanding bonds and gold hedges for $US219 million. Newmont's offer to buy back debt was at 50 cents in the dollar. ... Chugs, Jay