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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Bobby Yellin who wrote (1004)	7/31/1997 12:53:00 PM
From: John Barendrecht	of 116811

Corporate profits in France - I see 2 scanarios. 1. They make a lot less profit and the stock markets go down and bond yields go up. 2. They companies that are international move as much production as they can out of France or simply move head office out of France. Not too keen on IBM but that is historical - said for years that mainframes were dinosaurs and patented computers wouldn't fly. IBM nearly went bankrupt before they figured that out. If they had paid me 1/2 of what they paid the CEO at the time - I would have told them. Gold is global but most likely a severe "correction" in US market would have domino effect in world. Although gold is higher in most countries due to dollar. Gold in only cheap for Americans. Real estate scares me for the same (tax) reason. So many "little" people I know own 2 or 3 houses. They have all their eggs in one basket. What if people are unemployed and can't afford to pay rent but the taxman still cometh. Tax reforms always favour the rich as they are in power. Should have a law that if you have net assets of over 1 million, you can't run for government. Also proportional representation instead of 90% lawyers. If they invest in budding companies then some of them would choose gold exploration companies. No? Exactly what is said before, I company that buys it's own shares back is cooking books and saying there are no business opportunities out there worth persuing. Yes, when the stock appreciates, you have to take some profits. Look at the people that held Brex from .29 pre-spli to the end. Heard on person here that said he lost $700,000. Probably no capital loss either. Had he sold at $15 and bought back in, he would at least have a capital gains loss! Here in Canada, you can carry them forward and backward.

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