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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 (209)4/12/1997 2:55:00 PM
From: Bearcatbob   of 297
 
Ron, Amen. I think we only have to worry about a legitimate bear market. I am in an investing club with some guys who think Coke with a PE of about 40 is a great investment and think the markets will always go up because there is no where else for people to put their money. They think I am a grump. Because of the grump we have a nice cash position to take advantage of the bear. This summer watch the antics of Slick Willie. He is swinging left again for protection from investigation to maintain the support of the left wing of the party. I'll be proven wrong when he tells Gphardt and Bonoir to take a hike. A bear market would really test his popularity. Now because things are good people are willing to overlook everything else. It will be an interesting story. Look at Franco Nevada. Bob
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