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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Lalit Jain who wrote (7289)3/16/1997 12:53:00 PM
From: Method   of 28369
 
If gold crashed to $150 I don't think you want to be in any gold company during the slide. The EPS figures you mentioned for BXM would slide considerably and shares would seem overvalued (every other mine in the world would be shut down however). I don't see gold sliding though and I have heard about the steady decline of supply and increase in demand every year that is causing a physical shortage of gold every year (World Gold Council). We can look forward to gold breaking $500 US by the end of 1999.
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