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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (5707)12/30/2003 4:27:18 PM
From: Mac  Read Replies (1) | Respond to of 109086
 
EGX: .13 x 110m shares = 14.3 market cap. All indications of being profitable this month. $500 million of resource indicated. Seems worth some kind of bet.



To: gold$10k who wrote (5707)12/30/2003 4:48:50 PM
From: jimsioi  Respond to of 109086
 
VT, re the HUI...

I would agree with you that $500 does seem like a reasonable target for GOLD and seemingly quite achievable if the dollar continues as weak as it has been and eventually becomes a negative on PEOPLE'S radar screen as JimW suggests it will by summer time.

HUI resting here, maybe down to 241 during the next couple of trading days and the half version thereofs...
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25% in PM related with about the same in cash...I'd ramp that up some if we got a couple days of weakness in the New Year that didn't really amount to anything and then firmed up...Ought to have the better part of a month for good PM gains if seasonals are any guide....and the dollar continues to help.