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Gold/Mining/Energy : At a bottom now for gold?
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To: Brian Gerbozy who wrote (821)10/24/1997 12:53:00 PM
From: Jim Ilchyshn   of 1911
 
Brian,
Annoncement that Swiss have sold gold and the poor performance in failing Asian markets has spooked the precious metal market. The price should rebound in the next couple of weeks anyhow. Central banks are always selling at the wrong time. As for the Asians, gold is used in time of emergencies. If you saw your market and currency nose-diving, you might need to sell some of your gold to support your markets or cover a margin call.
- Jim.
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