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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (21548)	10/1/2003 6:30:24 PM
From: orkrious	Respond to of 39344

Looks like the analysts still cant figure out how to value a gold stock. here's what Heinz said: Date: Wed Oct 01 2003 15:27 trotsky (Prudential's Tumazos) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved this guy is ALWAYS bearish on the mining stocks...no matter what happens. if you had listened to him, you'd have been out of the best performing market sector over the past three years, and it seems he aims to KEEP you out. no admission along the lines of 'i have been totally wrong about the sector for three years running...take my advice with a pinch of salt'. but that's exactly how it should be taken. this guy is simply a perma-bear, period. regarding his assertions as to what the stocks are exactly discounting, those are incredible exaggerations imo. we have already seen in NEM's case how earnings can jump at the better managed majors, and imo even current earnings justify the share price, considering that gold shares always sport an imbedded options value as well. this remains of course unmentioned by Mr. T., but is a generally accepted concept in the evaluation of gold mining stocks. this is certainly one dude that should be put on 'ignore' by everybody - including Prudential's clients, who have been at the receiving end of his dis-service. just keep in mind, he first yelled 'SELL' at $16 NEM , and 3 more times all the way up. iow, he couldn't have been more wrong if he tried. where do they find these useless maroons? the one fact about these so-called 'analysts'that everybody should keep in mind is: in a bear market you don't want them, and in a bull market you sure don't need them. essentially they get paid the big bucks for uselessly guzzling up oxygen...their entire profession is a complete waste of time and resources. not exactly an earth-shattering revelation, i know, but it is irksome when this clueless bunch pipes up claiming it has some special 'knowledge' when it is so obvious that that's simply not the case. want to bet that Pru has 'buy' ratings on all sorts of tech stocks in sectors that are currently experiencing a depression? ( e.g. semicondcutors, telco-equipment, etc.