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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Bexar who wrote (251)	12/17/1997 11:07:00 AM
From: Zardoz	Respond to of 3558

CDN is that currency, often referred to as the Northern Peso, AKA Canadian Dollar. I like ABX for the coming year, but, shorter seldom cover. What they do is buy call options, against there positions. I bought ABX at $22.00 CDN, I'll probably short today/tommorrow based on a lot of technical Analysis. And when it dips, I'll probably buy long term leaps. See option volume of late. I was trying to add to my previous post, earlier, but a network error occurred... So I'll add now. A lot of todays price movement is based in the change in the YEN/CDN versus USD {or USD against the world}. It's impossible to speculate whether this trend will continue. If it does, {see US currency deflation comment} than you can expect gold prices to climb. As Gold goes, so does gold stocks. To justify this think of all currencies, and gold as a related commodity.