Echo Bay Mines, anyone (anyone) ((anyone))? Message Board

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Gold/Mining/Energy : Echo Bay Mines, anyone (anyone) ((anyone))?

ECO 33.52

-0.1%

Nov 7 9:30 AM EST

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To: dch who wrote (121)	7/10/1997 5:36:00 PM
From: saul mikaliukas	of 300

To All!!! Something of interest on Steven Jon Kaplan's Gold Mining Outlook for Today..... Updated @ 5:20 p.m. EDT, Thursday, July 10, 1997. COMMENTS OF THE DAY: Commodities were moderately lower on Thursday, while precious metals mostly rallied. Gold was up $1.90, silver rose 6.3 cents, platinum gained sixty cents, while palladium bucked the trend by declining $6.35. Analysts' and investors' sentiment remains strongly bearish, with nearly all commentators stating some variation on the theme that "gold rallied, but it is sure to fall rapidly to $300 an ounce very soon." Small investors are surrendering gold mining holdings, as is evidenced by reports from gold fund managers reporting a record number of liquidations of their smallest account holders. Thus, precious metals and their shares are moving from weak hands to strong. Anecdotal personal confirmation: a buy order this morning of two thousand shares of Echo Bay Mines took five separate sell orders to fill. The "little guy" always gives up at the bottom. To see the entire writeup here's the URL once again geocities.com

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