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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?

To: Edmund Lee who wrote (55)	10/10/1998 7:20:00 PM
From: RagTimeBand	Respond to of 587

Edmund FWIW >>Yahoo thread had a message that forecast a melt down of NEM. Is 4% cut in production going to kill the company?<< No. >>Price of the stock down over 10% in one day. Are investors over reacting?<< Possibly. >>After all, Gold is still on an uptrend and is forming a base Between $302 and $295.<< I've been watching the "Net Commercial Hedgers" position of the COT data. I was troubled to note that they have turned negative in a big way. Thus I wouldn't be surprised to see gold eventually weaken and turn down again. If that happens I'll be buying NEM. My opinion and $2 will buy you a cup of coffee, so take anything I have to say as a big FWIW. Emory

To: Edmund Lee who wrote (55)	10/12/1998 12:14:00 AM
From: R. Martenson	Read Replies (2) \| Respond to of 587

All insider NEM SEC transactions in Aug and Sep were buys. This is a significant departure from the power house tech stocks like DELL where all insider action is "intention to sell" (Form 144's). Tech stocks have had huge losses and huge volume. Gold stocks have had huge gains and huge volume. All in the last few weeks. I just jumped on the NEM bandwagon Friday ( which is never a good indicator for any stock I own ), so I am mentally biased on the up side. BUT given the huge volume and current market conditions it sure seems like the 'smart' money is moving in on gold, regardless of the underlying gold fixed price.