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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (32148)	4/19/1999 2:48:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116762

Guess I did right. Selling my ABX & buying more other golds.... Think they have a forward sale problem?

To: Jim McMannis who wrote (32148)	4/19/1999 6:45:00 PM
From: sea_urchin	Read Replies (1) \| Respond to of 116762

Jim : I'm not sure of the reason why gold shares will rise. POG is not very exciting. Could just be a re-appraisal of the share values or expectation of inflation due to rise in commodity prices. Or, perhaps, "da boyz" know something. AngloAmerican and DeBeers have each appreciated by about 50% in the past few weeks (on JSE). Usually when that happens, the golds move too. As you may know, there are only two main SAf gold companies now -- AngloGold and Goldfields. Then there's JCI gold. And after that there's Harmony, DRD (both in the low grade section) and Randgold. So, there's not very much to choose from. Of these, Goldfields has hardly moved. I imagine ASA would, today, just be a mix of AngloGold and Goldfields.