und immer wieder: Harmony (HMY)

verfasst von Emerald, 09.12.2003, 22:47

-->The SA"Fed" meets Wednesday and Thursday. Rate cut of 100 basis points is a certainty, with more early next year. A reading of SA press shows noise from the financial community for more--I've seen up to 200 to 300 basis points now--their November CPI growth shows no inflation and CPI less than anticipated, workers are being laid off, etc. My bet is for more than 100. Also, because of low CPI, wage increases for 2004 are being scaled back. HMY has been remarkably strong over the past week and 1/2. After another close above 16, it goes for its high, above 18. THis is a ridiculously undervalued company. Their reserves and resources exceed 500 million ozs, more than NEM and ABX combined. They are the clear winner when gold proves that sub-400 is no more.

Emerald.

PS: HMY* remains a Buy. *)spell AtCH-EM-WAI

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• und immer wieder: Harmony (HMY) - Emerald, 09.12.2003, 22:47