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

To: ahhaha who wrote (117)	4/19/1999 6:06:00 PM
From: Roebear	Respond to of 587

ahhaha, Excellent advice all around, it seems a major move could be afoot, judging by the looks of the charts. I have been noting the reactions of owners of gold equities for a few years and have come to the following conclusions. Goldbugs having been underwater for so long, many of them fear the atmosphere above water is poisonous, having observed that all those that went into the air above soon returned again to the underwater depths. Having been buoyed to the surface now by the XAU, they flail about, frightened by the golden caress of the sun which they feel as searing heat and refusing to breath the air of freedom. Many Aubugs may drown in the panic of success, when victory was so close at hand. Or perhaps I just got all this mixed up with Water World. Best Regards, Roebear

To: ahhaha who wrote (117)	4/20/1999 9:11:00 AM
From: dwight vickers	Read Replies (1) \| Respond to of 587

While I respect your opinion, I have to disagree. I make 30-40-60% annualized selling covered calls on safe value stocks. Haven't been in as big a hurry to sell them against NEM because I think it's been a bargain under $20, and there are good reasons to own PM's in this environment. Rather than merely holding them and waiting (wishing) for them to go up, selling premium has been very lucrative. And incredibly conservative. One would be damn near broke waiting for the big upmove in gold after all these years. I've been seeing it predicted for a year and a half now since I started accumulating PM shares after 17 years of being an anti-gold bug. I've put lots of juicy premiums in my pocket over that time. Your attitude towards options is certainly valid if it's about naked long options, but who do you think makes all the money that those guys lose?? Good luck. Dwight