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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Terry Swift who wrote (7926)10/25/1997 9:50:00 AM
From: George Mousis  Read Replies (1) of 10482
 
Terry

Any major seriously considering buying Bema in the current Gold environment has to be out of their mind. The whole economics of the project is in question that is why BGO and AZS continue to fall.

Serious techinical damage done to Gold on Friday. The short sellers are having a field day as the Central Bank bogey man rears its ugly head once again. In my opinion dont be surprised if Gold tests the $280.00 level.

Gold industry shakeout to continue and its the Gold miners fault as well for forward selling gold.

Why would I want to buy a stock in a company where the industry
practice imples that its primary product will fall in the future.

George
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