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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Carlos Blanco who wrote (22856)	12/5/2004 3:56:05 PM
From: loantech	Respond to of 110194

I hope we see both. Need 2005 to come around.

To: Carlos Blanco who wrote (22856)	12/5/2004 5:57:51 PM
From: jimsioi	Read Replies (3) \| Respond to of 110194

Carlos Blanco, you certainly are a breath of free air... You clearly expressed views on the gold share situation that I agree with...and of course therefore think are correct...To get the sector moving there needs to be a demonstration of earnings and M&A activity. The M&A activity I'd rather expect will start to be seen in the first quarter, the earnings improvements...I've been waiting and suspect they'll be selective. GLG is an example....should earn something like 13 cents this year...maybe almost triple that next...36 cents if the average analyst has it correct...That's 52 times forward earning. The investor is paying for the gold in the ground not the earnings...Little wonder that institutions came out of shares and purchased the ETF...Now if the ETF doesn't turn out to be a fraud and completely disgrace the PM markets.... finance.yahoo.com