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

To: Wyätt Gwyön who wrote (66975)	7/27/2006 3:59:20 PM
From: Mike Johnston	Respond to of 110194

back in 2003 or 2004, when NEM was first hitting $50 (and Richard Russell was hooting about buying it that day, which marked the top), POG was around $400 or so and NEM had a 50 PE. now, gold is more than 50% higher and NEM still has a 50 PE, and the price is still $50. WG, Do you know what was NEM market cap back then ? How many shares have they sold ?