Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : News that catches your eye -- Ignore unavailable to you. Want to Upgrade?

To: chevalier who wrote (10)	12/23/1998 10:27:00 AM
From: long-gone	Read Replies (1) \| Respond to of 148

Wednesday December 23, 1998 (08:43 am ET) S&P Still Positive on Gold Stocks By Leo Larkin, S&P Analyst NEW YORK, Dec. 23 (Standard & Poor's) - S&P maintains its positive outlook on gold stocks despite weakness in both the group and the metal itself. Gold stocks have fallen as gold dipped below $290 an ounce, while a drop in commodities/base metals is also hurting the shares and psychology. But metal itself is acting better than the stocks, with gold about unchanged on the year, and it is also behaving better than base metals. Positive factors for 1999 include less central bank selling, more volatile financial market returns, and a renewed role for gold as a financial hedge. We reiterate (accumulate) opinions on Battle Mountain Gold (BMG), Homestake Mining (HM), Barrick Gold (ABX), Newmont Mining (NEM), and Placer Dome Inc (PDG). 23-Dec-1998 08:43:12 (01657152) Copyright 1998 Standard & Poor's Investment Advisory personalwealth.com.