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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 (205)4/11/1997 8:57:00 PM
From: Bearcatbob   of 297
 
Ron, In a real crunch the juniors will be swamped away. If you believe in a real crisis you should own the majors. The juniors are driven by exploration, not the gold price. That is why they have been good in a bad gold market. Everyone wants the nest Bre-X ( well, maybe not that one ) the next Arequippa or Diamond Fields. A real bear market will really hurt. Picture the DOW at 2500 and guess what our juniors would be worth. Bob
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