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Gold/Mining/Energy : ECM.VSE - El Callao Mining.
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To: Richnorth who wrote (774)6/25/1997 8:54:00 PM
From: virginijus poshkus   of 1253
 
Rich, gold stocks have been out of favor big time. the only thing we can hope for is a stable gold price and some turmoil in international markets. those of us in mining stocks have taken a real haircut and it is no consoldation that other areas(technologies)have been booming. some type of correction is due in the overall market, maybe this will see some flow to the gold shares. looking at the market caps of some of the juniors like ecm, it appears that the bottom is now. Also, you can expect some scaviging by some of the majors. if ecm was not held by bgo 40%, i would expect them to go first on the block. but this is not the case. many other juniors can be expected to go though if they have good reserves and no money.

vargas
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