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


To: tanoose who wrote (5857)2/28/1998 3:17:00 PM
From: Ward Nicholson  Read Replies (1) | Respond to of 10836
 
Frank:

It's been awhile since I posted. I've been trading the
oils lately. How you KRY bulls doin'?

Anyway, I thought I'd make a comment regarding your
comparison of ABX and PDG.

Follow their respective patterns, you will begin to see that
PDG deteriorates farther than ABX, then ask yourself why??


Correct me if I'm wrong, but the reason PDG has reacted more
to the downside is simply because ABX sold forward a substantial
amount of gold quite awhile back, thus ensuring their profitability
in times of lower POGs. It's a double-edged sword though...if the
POG were to rocket north, ABX would not benefit as much as companies
like PDG.

WN