Forum Archive Index - November 2002

[nickk@quicksilver.net.nz]

Yep..........maybe Bill you could tell me what that $5 note in your wallet 
is worth? 

Cheers 

Nk 


Gregory Easton writes: 

> Gold is actually of very high value outside the jewellery business. It is one 
>reason your dentist bills are so high and is also a key ingredient in your 
>computer components 
> 
>>>> prhughes@value.net.nz 11/12/02 11:41a.m. >>>
> Snoopy 
> 
> Seems to me that your mate and you love to rib each other a liitle, 
> nothing wrong with that, makes life interesting! 
> 
> My understanding of gold is that it is of little use except for 
> wedding formalities and making of trinkets. But it seems that some 
> people are of the view that the value of the US dollar will decline, so 
> the price of gold will go up. That may happen. 
> 
> Over the last six months I have been studying charting, and from 
> that this is how I read Lihir Gold(LHG). 
> 
> 4 June 02  A$1.61  High
> 29 July 02  A$1.02  Low
> Target rise   A$1.37
> 20 Sep 02  A$1.35  High
> 25 Oct 02  A$1.07  Low Support at A$1.06
> Target rise  A$1.31
> 11 Nov 02  A$1.21    Still trending up 
> 
> Let's see if I have learnt anything. Time will tell. 
> 
> Personally I prefer value investing, but cannot find any NZ stocks 
> that qualify at present. Like you comment, patience is needed. 
> 
> Bill 
> 
> No gold stocks held. 
> 
> 
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