An open letter to jr. gold investers by Ron Pitts 03/27/97 Message Board

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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97

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To: Cheeky Kid who wrote (92)	3/30/1997 6:55:00 AM
From: William H Huebl	of 297

Hi RP, Just want you to know I have owned HM puts for a month so bad news is not always the same to everyone. I bought the puts because my financial advisor suggested the gold sector was overvalued and I had seen reports that gold may be going to 285. This is in light of the new inflation adjusted bonds... gold no longer has the edge it once had. Also, there was an interesting show on one of the channels last weekend showing gold as an investment has only done half as good as the stockmarket over the last X years. Maybe I'm wrong but my puts are now worth 25% more than I bought them and I expect to double my money by the end of next week. Regards, Bill

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