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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (36061)	1/5/1999 2:11:00 PM
From: Lucretius	Respond to of 94695

I think you'll push thru that this time.

To: MythMan who wrote (36061)	1/5/1999 2:33:00 PM
From: John Pitera	Respond to of 94695

MythMan, NEM does not do much forward sales as compared with PDG which does sell more of its forward gold production in the futures market. that give NEM more leverage to move higher when gold rises. I think NEM received an extra push on the move to 30 due to their announcement of the purchase of Newmont Gold (NGC), investors either got excited about the purchase being accretive or somehow "synergistic" That was my take on Nem's move to 30. US $ weakness and backup in rates helping to firm the gold stocks in past few days. (IMO) Regards, John