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Gold/Mining/Energy : Kinross Gold

KGC 27.49

-3.0%

3:59 PM EST

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To: Ming who wrote (20)	8/9/1997 4:11:00 PM
From: Eric Freeman	of 530

Ming - I have given you price purchase range - $5 - $5.50(Post #12). We bought and are up around 25% on Kinross. As to your predictions - who knows for sure? Many factors which you put forward may play out as you say, however I do not think so. Why? All you say is factored into the market already. IE - Its old news. What makes markets really turn is the unknown. What will make Gold price really move. Simple - a change in the psychological environment brought about by real or perceived threats to the stability of the world economy. Whether by currency crisis, war, natural disaster or whatever else comes our way - and this by its nature cannot be predicted with accuracy. Certainly your straight line analysis seems good if you like it. So stick with it. Meanwhile I am holding on here for a bit more of a ride on Kinross. I'm happy and not emotional - but I do detect a bit of emotion in your letter, although you claim the opposite. As I said last time - why do you even post on Kinross thread?? So far you are wrong - simple as that. Maybe next week you will be right! Eric

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