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Gold/Mining/Energy : Indochina Goldfields ltd
ING 24.92-2.2%Oct 31 3:59 PM EST
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To: Cary R. who wrote (23)8/5/1997 1:55:00 PM
From: Damon Pham   of 109
 
I wouldn't worry too much. Prices for gold are still very weak. I think ING's stock will be impacted by this (along with all gold stocks). I like the fact that the stock has been fairly stable the past month or so. I expect it will hover in this range for the short-term until news breaks to push it up or down (hopefully up). In the long run, I see this stock at much higher levels. If some countries in Asia devalue their currencies and it triggers off an inflation spiral, gold prices will firm up very quickly.
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