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Gold/Mining/Energy : Franco & Euro Nevada FN , EN
FN 499.38+2.0%Feb 2 3:59 PM EST

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To: Bearcatbob who wrote (28)7/4/1997 7:57:00 PM
From: Roy Cetlin   of 658
 
Looks like we got our asses kicked with gold today, with Austraila selling off. Hopefully other central banks don't get the same idea. On the otherhand, all things considering, Euro held up quite well. My broker suggests that with gold getting pounded, smaller companies will have to come to Euro for financing as they have over 600mil in cash right now. He believes they'll be able to make some great deals during this dark period.

Your comments .............

Best regards,

Roy
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