Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: hutchi who wrote (1775)	12/9/1997 7:39:00 PM
From: Gene Veinotte	of 4718

From what I understand some of the Asians did some hedging by dumping their currency and purchasing gold. How much and how many, who really knows. They were the smart ones, for sure. How many of them that actually own a gold mine is debateable. However, this has done nothing for the price of gold. It continues to go down and many mines will become unprofitable and therefore close. If gold stays even at the current level, many current valuations for gold stocks will seem atmospheric in a short while. It does not look good. Contrarians are buying gold/gold stocks as we speak. And so the dilemna of the small investor continues. Do we buy now or wait for some sort of recovery? Perhaps we are looking at the buy of the century. Perhaps not, just yet. Will there be a recovery this Dec. or will the slide in gold continue. Will the juniors rally this month, or won't they. No easy answers here. I have misplaced my crystall ball. Good luck to you. Gene

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