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Gold/Mining/Energy : Dayton Mining (DAY) on TSE & AMEX
DAY 69.27+0.2%Jan 30 9:30 AM EST

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To: Sergio Ferreira who wrote (108)4/5/1998 6:40:00 PM
From: James F. Hopkins   of 568
 
Sergio; There are a lot of possible reason, many of the gold
stocks are under priced as to their intrinsic value.
Some one said "a gold mine is a hole in the ground with a bunch of
crooks circled and standing around it "
While I see the trend up at this time, and the trend is my friend
I have no idea how far it will last or run.
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Looking forward after this run, gold could turn and go back
and even set new 10 year lows. I'm not sure the bear market
on gold is over yet, this could be just a short term reprieve.
I'm not expert enough to tell.
I will sense gold has hit it's bottom if I hear of many mines
closing, and exploration canceled..but for all I know that may
have happened already.
--------------------------
How many mines have shut down in the last six months ?
Is there a rough way to get an average cost of production
per oz across the board. After the big crooks get to buy up
all the assets for pennies on the dollar then they will
let the price of gold go up. <G>
----------------------------
I see Asia had nice runup, for about two months..but is headed
back down again.
Jim
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