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Gold/Mining/Energy : Vista Gold (VGZ)

VGZ 1.760

-3.8%

Nov 14 9:30 AM EST

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To: Chispas who wrote (64)	10/26/1997 1:49:00 AM
From: James J. Franklin	Read Replies (2) of 379

Today I spoke with several geologists from various mining companies who were on there way down to Anaheim, CA to attend a conference there. They informed me of the Swiss plans to sell a large amount of gold on the market. The Swiss haven't decided to sell gradually or in several large transactions. Several expressed dismay at what this might mean for gold prices. One geologist told me gold will bottom out at $280. Still another sees gold at $180-200 an ounce. Those are opinions only, but I think we can count on lower gold prices for the forseeable future.

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