International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Richard Mazzarella who wrote (20928)	9/17/1997 1:34:00 PM
From: J.L.	of 35569

<<Karl, interesting rumor. Bema has other problems like hedging for so long that they won't make money for a couple of years even if gold moves up. >> Interesting...I was just looking at the Bema chart last night and found the recent volume of interest. Could it be one of those blow out bottoms ? Could things get worse ? You never know, but the chart bears watching. Geez...Gold should bottom at some time if some are closing operations due to low prices. $300 looks like a nice round number so we should consider that it will bottom somewhere else ( either above or below) as markets rarely do what is rational and/or expected. Regards to all, Jeff Lund felt a little weird when I couldn't get on SI the other night. I'm hooked.

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