Re: Is gold on the move again?


sarp wrote:

Quote from Barrons article:

http://online.barrons.com/public/article/SB115171813583796083-q2EY8yjia26x_SKw09h3dgKMHKE_20060731.html?mod=mktw

"What's ailing Newmont [Mining, NEM], in part, is what's ailing
gold-mining stocks in general. They're selling at "bear-market
multiples in a bullish environment," as a report last month by BMO
Nesbitt Burns put it. The implication is clear: The stock market
believes gold prices won't stay this high, let alone go higher."

--- sarp

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