Medinah Mining Inc. (MDHM) Message Board

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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)

MDMN 0.000001000

-99.0%

Jun 3 1:07 PM EST

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To: Mike Gold who wrote (15153)	6/9/1999 2:11:00 PM
From: Richard S. Gates	Read Replies (1) of 25548

Mike: This is a great concern to me because I see this possibly becoming a trend for some time now since the banks in many countries will be dumping gold for equities, etc. IMHO there is nothing to prevent gold from settling at a level such as $225.00 or less. This may sound preposterous to some, but with selling pressure like what could happen, the floor is the limit. Sorry to shed my potentially negative outlook on everyone, but full disclosure is best. What this means to investors in gold mining stocks is obvious. We may well get hammered by the gold market in the face of good news in the ground at Lipangue & LDM. There has been a price deflation in most metals for about one and one half years now, and short of taking metal off the table (ie. shutting down production) the metal prices should remain under pressure. What do you think Mike? The Gipper

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