A 2 dollar penny stock in a unstable African country seemingly one death, ( Nelson Mandela) away from civil war?? I just got 400 shares and am feeling buyers remorse and the wife wants to shoot me.How do I justify it???

-- WorkinStiff (midas@wannabee.com), September 28, 1999

Answers

Well it went up 18% today.

VENGF went up 80% today.

Gold is volatile.

To the moon!!!

-- todays Tom Sawyer (RUSH@2112.rockon!), September 28, 1999.

$800 bucks and your wife is bitching? How much does she (and you) spend on crap? Tell her shape up or ship out. Even if it goes to zero, you made the right bet. Show her this.

-- A (A@AisA.com), September 28, 1999.

Gold up $26 today and Newmont (NEM) down today. Please explain this to me. I do not understand.

-- chicken farmer (chicken-farmer@ y2k.farm), September 28, 1999.

DROOY is at 2 3/8. It was at almost 4 a year ago.

VENGF looks like it can't get any worse off without filing Chapter 11. It did go up 80%, but only from a paltry .225 to a meager .325. It was nearly 1.00 a year ago:

My opinion [not financial advice :) ] is that if you think gold is where its at for 2000, you'd better have physical possession of bullion, since if Wall Street tanks, all bets are off and even the winners (gold stocks) may experience defaults. And anyway, what would you shift your profits to - T-bills?

Just remember that the USG can confiscate gold and silver just as they did in the depression. Now about those platinum eagles...

-- a (a@a.a), September 28, 1999.

a-- yesterday I put 6000 on VENGF at .12 roughly 48,000 shares.

today it closed at .22 x 48,000 = almost $11,000

you find fault with that?

IF I sell half my shares first thing I 'm doing good.

Let me make another point this is money I'm willing to loose! My preps are in place I have physical gold and this was money we weren't expecting to get and just so happened to get. If I had not recieved this payment I would be sitting the sidelines on the gold mines.

-- todays Tom Sawyer (RUSH@2112.rockon!), September 28, 1999.

Tom: I not arguing about your bottom line, just that playing the market on the eve of what promises to be the biggest meltdown in history is risky. Good luck, but don't get greedy...

-- a (a@a.a), September 28, 1999.

DROOY will be the latest bloomer and the biggest winner. Two reasons. It is a high cost operation. It has monster reserves. When gold gets to $350 - $400 it will go to about 150 times its current price. I have $40,00 cost in this mine. Tell your wife to quit her bitching or be poor forever.

-- Goldbug (Goldbug@mint.com), September 28, 1999.

a-- Leave a little profit for the next guy? I hear you loud and clear! I'm just kinda euphoric now!

-- todays Tom Sawyer (RUSH@2112.rockon!), September 28, 1999.

Goldbug sir are you saying that DROOY will be trading at 300 a share?

I hold DROOY so I'm very interested please explain further since ANDY'S not here and I need my "gold is going to the moon" pep talk.

-- todays Tom Sawyer (RUSH@2112.rockon!), September 28, 1999.

Careful fellas...remember the threads on "downward spirals". For gold to be worth $500-1000 an ounce in today's economy, a major crisis will have had to occur. The markets are closed in a major crisis, as are the banks.

In that case, a bird in the hand might be worth more than two in the bush...

-- a (a@a.a), September 28, 1999.

The leverage figures for Durban Deep (DROOY) have been calculated by several people and posted on both the Kitco and Gold-Eagle sites, as tabulated below.

Gold Price Share Price

$350 $8 $400 $22 $450 $36 $500 $62

This ain't 100:1, but it isn't bad. When it reaches these levels, I will sell because the price of physical gold will probably far outstrip the price of any gold stock. The world is not a linear place.

And as for Andy, I think he got smart and sold his DROOY stock and bought physical gold, which is ther preferred place to be. I own some DROOY, but much more physical. dave

-- dave (wootendave@hotmail.com), September 28, 1999.