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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)
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To: Michael Markham who wrote (59)4/30/1997 6:20:00 PM
From: Steve Johnston   of 350
 
The price of gold can only go up if:

1.) There is a threat of major world economic or geopolitical instability.
2.) A major war occurs.
3.) The stock market crashes.
4.) Interest rates skyrocket.

Only #3 is remotely possible, in the near term. As for the Natives (please don't call the Indians) they are, for the most part friendly and reasonable people, but have been screwed too many times in the past. The Tahltan First Nations Band simply want a piece of the action, and think that the Management of WRM simply ignored their concerns and needs for too long. Ian should have recognized that this threat was real, long before they barricaded the road.
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