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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)
GMO 0.01210.0%Jan 21 4:00 PM EST

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To: Michael Brody who wrote (556)7/9/1997 12:33:00 AM
From: Rick McDougall   of 588
 
McBro

<Those are not the kind of predictions I would like to be
known for. > Very astute observation tho & unfortunately I didn't listen very well . I certainly will next time. :o)

It has been a strange 6 months what with the bxm situation and all. Stocks that "I THOT" were sure winners with good fundamentals have tanked & taken severe beatings, gmo not being the Lone Ranger. I guess one of my problems has been bucking market sentiment for the first 5 months of the year. I've since realized (I'm a slow learner) that there are presently no good buys amongst todays jrs. At least not until such time there is a clear signal that market sentiment is about to change-----6 to 12 months? I hope not but does seem possible with CB's selling gold into 98.

Aussies (3rd largest producer in the world) heavy sellers in the last 6 months does not bode well for POG. How good is that for their eonomy !?!?

Canucks heavy sellers!!!!! CB's selling!!!!

Who the hell is buying? Something is amiss. Is the richest country in the world the one with the most printing presses???? I don't understand.

McHack says that the move to demonitize gold by the CB's should not be ignored. Considers it to be a perpetrator of todays gold malaise (amongst other things) not withstanding bxm , degratia, gnu, etc..

Just some ramblings, Rick

PS: Good to hear from ya.
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