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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: Ron Pitts who wrote (99)3/30/1997 11:45:00 AM
From: Bonnie Bear   of 297
 
to Ron, and all, as an interested bystander: I find it curious indeed that just a few weeks ago the excuse given for the low price of gold was that this huge Bre-X find drastically increased the amount of gold in the world and was driving DOWN the price. Now the huge amounts of gold have vanished overnight and we have the price of gold going DOWN in fear of other gold mining companies sharing the same fraudulent end. Gold is still heavily used in jewelry, as a form of currency, as a rare natural resource with many industrial uses, it tends to go up when interest rates go up. Long-term investors should think about all this conflicting information, as fear can reverse course with breathtaking speed.
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