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Gold/Mining/Energy : Stockbrokers: who's agenda?
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To: David Zabrocki who wrote (13)7/21/1997 7:47:00 PM
From: JAMES BORECKI   of 16
 
Dave, thanks for the book leads.

'Rampaging Bull' sounds like a good approach to telling how it is....real life experience. Pointing out agendas and motives...doesn't sound very dry at all.
I just printed up the most recent free copy of 'Kaiser...' I'll try to read it tonight.

Forecasts!?!?
I can see four factors at play:
NEGATIVE
1. No monetary pressures for countries to own gold with such low inflation.
POSITIVE
2. World wide demand for gold for industrial use and personal ownership is high
3. Attractive small Gold companies may be bought out by Big guys like Barrick, Placer, Newmount, etc.
4. If you're in a company with low cash reserves then you might be in trouble. But if your into Barrick, etc. then I think you're safe....unless Gold drops another $100 and under their production costs.

I search deep down and I can't find any solid opinion. I own two stocks: Meridian Gold and South American Gold. MTG is down several % and SAG is a disaster. I'm holding on simply to see what happens. I guess I'm in wishful thinking mode.
I know I'll hate myself a few years from now for not mortgaging my house and buying everything in sight right now...but I'm not that brave.

Thanks again for the reading stuff,
Let me know how you choose your gold stocks.
JimBo
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