At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: John Barendrecht who wrote (479)	5/26/1997 7:14:00 AM
From: Bobby Yellin	of 1911

I have been reading some negative scenarios implying that it is going to take ages for the juniors to recover from this mess...I don't think so and here is why.. we are getting to a top in the paper assets...inflation is in paper assets..a bear market has persisted in the hard assets... if these scams were at the top of the market...then I would be in full agreement..these scams have been at the bottom of the market..all that promised gold that was to flood the market is absent.also a lot of the emerging countries' citizens will present a vast number of consumers of hard assets into the market which will really increase demand.. .agree/disagree?(we will probably have to wait for the next recession for the hard assets to explode when debt/credit/bankruptcies/etc make the system implode) There probably will be competition among the juniors... it appears that diamonds are going to be a centerpiece of the junior market along with oil exploration companies..I am guessing that those plays will compete with the gold plays.. I think the east favors diamonds...but I have also read that even though DeBeers says there will be a shortage of diamonds in the year 2000..a lot of people believe that DeBeers has more diamonds than they know what to do with...who knows... with all the emerging countries...oil will be more and more in demand.. about gold and gold reserves: the majors are in need of increasing their reserves.. question....now that financing is getting harder and harder for the juniors does this mean that the majors will be able to buy out some juniors cheaper or...because it is getting harder and harder for financing...the juniors with the goods know that there will be fewer exploration programs because of lack of funds so they should sit tight and wait for the higher bidder because there will be less supply.. anybody have any thoughts.. also are those boring stocks up north from us that don't have the promotion going for them because they don't have the money to promote or because they have heavy insider ownership who might want to buy in even more of their shares...but who do have the reserves.. the safest buys now or should we just continue to follow the stocks that come out with potential upside surprises in their drill programs.. help..

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