HARMONY GOLD MINING -- HGMCY | Stock Discussion Forums

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Gold/Mining/Energy HARMONY GOLD MINING -- HGMCY

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To: Bill McCabe who wrote (226)	6/21/2002 12:24:12 PM
From: freeus	of 271

nice morning for harmony. Freeus

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To: freeus who wrote (228)	6/21/2002 12:58:28 PM
From: Bill McCabe	of 271

freeus, I think we are out of the woods. The uptrend should resume from these levels IMHO. Bill McCabe

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To: Bill McCabe who wrote (229)	6/21/2002 1:15:12 PM
From: freeus	of 271

Hope so. I had sold puts for harmony for today for $15. 10 of them. Only got $1. Yesterday I bought them back for 50C. That's 100% gain so it's ok. But it's obvious today I didn't have to buy them back at all. Nice. It's nice for me because it gives me confidence in my choices. Next time harmony falls I'll have more guts to buy more of it. I'll bet you are sleeping well again! Freeus

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To: freeus who wrote (227)	6/21/2002 4:45:18 PM
From: Traveling Man	of 271

Freeus, Of course you're right. What I did was swap a load of NEM shares for both Goldcorp and Harmony shares. They will do better when gold shares are bullish,but worse when bearish. Since I now believe gold will stay in a bullish long term phase,I prefer the volatility. However,I still miss the old Franco-Nevada company. They were my first love in gold. TM

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To: freeus who wrote (230)	6/21/2002 10:21:59 PM
From: Bandit19	of 271

Freeus, Hi. Harmony's wave 4 is locked in...onward and upward from here. Here's the latest from John Murphy today.... FALLING DOLLAR BAD FOR STOCKS -- BULLISH FOR GOLD... A falling dollar is usually bearish for U.S. stocks. For one thing, it shows lack of confidence in the U.S. economy. It also discourages foreign money from buying U.S. bonds and stocks. Recent numbers show that foreign money is already starting to leave the states. In time, attempts to support the U.S. currency may lead to higher U.S. interest rates, which would also be bad for bonds and stocks. As we've stated several times, the main winner in this scenario is gold and gold stocks. The gold chart looks remarkably similar to the Euro (and a mirror image of the dollar). Gold bullion is also challenging major resistance around $325. A decisive close through that barrier would be a major bullish breakout in gold. The XAU Index is also stalled at a major resistance barrier. The odds for bullion and the XAU breaking through resistance would be greatly increased if and when the dollar crashes through support.

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To: freeus who wrote (230)	6/22/2002 8:07:33 AM
From: Bill McCabe	of 271

freeus, It had slipped my mind that HGMCY had options. Perhaps that is the reason $15 was resistance on Friday. I wonder how many $15 Calls expired worthless. Next week is anyones guess what will happen. IMHO I think POG will hit $328-$330 and HGMCY will break $15. Bill McCabe

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To: Bill McCabe who wrote (233)	6/22/2002 11:50:43 AM
From: Traveling Man	of 271

Bill, Saw some talking heads on CNN this morning placing their bets on Goldfields as their reco. Makes me worried! TM

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To: Traveling Man who wrote (234)	6/22/2002 5:49:56 PM
From: Bill McCabe	of 271

TM, from the reading I have done today I would just sit tight through next week. The consensus in general for POG is IMHO "EXTREMELY BULLISH" and I think HGMCY will be out in front. Read the posts from this thread: Message 17639131 Bill McCabe

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To: Bandit19 who wrote (232)	6/22/2002 7:56:33 PM
From: freeus	of 271

aha, glad you wrote that, I was wondering about buying and holding ANYTHING. Probably ok with hgmcy and gg. I am wondering about mutual funds. I have a large part of my money in 3 wasatch small cap value and growth funds which did fine during the beginning of the bear but are starting to weaken. They are closed so if I get out I cannot get back in. But I am frankly expecting another couple of years of bear market so I wonder if I just sit through it and assume they'll make it up or get out and get into a treasury fund or gnma which is "safer". Any thoughts anyone? Freeus

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To: Bill McCabe who wrote (235)	6/23/2002 10:11:28 AM
From: Traveling Man	of 271

Bill, I just feel a sense of pessimism about the dollar and our economy. Not a dramatic terrible environment,just a negative attitude. I think lots of foreigners have pulled out,which has caused further dollar erosion. I can always be wrong,but I feel gold's day is here,so I am in for the long haul. TM

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