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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: Robert who wrote (284)6/9/1997 6:47:00 PM
From: Ron Pitts   of 297
 
Hello Robert! Indeed you paint a blck picture, Dr. Doom.And for all I know you maybe currect.I guess my bellie button is telling me if one has not yet taken the spoils of past victorys ,that it is too late for now! Yet from the bottom does every new bull come forth. You may be right and we may not see a bottom till this December.I know several very sharp people that would agree with that. Any new money in my opinion should be spent 30% Now (in case this is in fact the bottom ) the rest held as dry powder till this fall (when I personly feel gold will start a run )Then maybe spend another 30% and if Im compleatly off the wall the last 40% I would spend in the mid December tax saleing time. Maybe on undervalued small producers like Dakoda,Aurizon,Vista,Richmont,Viceroy,Miramar ,etc. This much I wish to go on record saying THIS BAD ASS GOLD MARKET WILL COME BACK TO MAKE PEOPLE MONEY IT ALWAYS HAS.WHEN IT IS REALLY BAD THE PROFIT IS FATTER ,THIS RISK IS LESS, AND FAR FEWER PEOPLE WILL SHARE IN THE PROFIT.LIKE DOUGLAS MCARTHOR GOLD SHALL RETURN!And Yes this market stinks today and will stink in the morning when I drag my ass out of bed but not forever. Best wishes robert, Regards Ron
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