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Gold/Mining/Energy : ECM.VSE - El Callao Mining.

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To: Brian Gerbozy who wrote (805)7/7/1997 9:48:00 AM
From: virginijus poshkus   of 1253
 
Brian, Gold at $315, if it keeps going lower you will be able to buy an ounce of gold for the same price as an ounce of silver. we went through 330 like a whipsaw. 300 is in sight, a break of this level leads to an implosion in the mid $250 area. not a pretty sight, those gold bars in fort knox have tears flowing from them. tell your wifes and girlfriends that the gold rings and neckleces they are wearing are almost worthless. From $850 to a possible $250, a $600 drop. who said gold was a hedge against inflation? And the phone call, don't worry about the cost because they are going to reposess your phone today. no more phone calls, only smoke signals for us gold buffs.

one last comment, if bonds are at 6.5% and inflation is zero, this is the greatest buy ever. are bonds trying to tell you something or is this a delayed reaction as the long term rate goes to 4%. a dilemma, any answers to this paradox?

vargas
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