Bema(Bgo) and Arizona Star Message Board

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

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To: Tom Cat who wrote (8167)	10/30/1997 8:12:00 PM
From: the Chief	Read Replies (1) of 10482

What ultimately will be the saddest is that the currency crisis which has just spread to Latin America from Asia has caused people to "second" look Gold. If this currency crisis persists it very well may be the catalyst required to move gold upard and onward. All the time making the "deal" look worse and worse. From a BGO point of view, because it is a producer, its value should move with POG as it has in the past, albeit slower this time. Its AZS, that gets killed in my impression, it is not a producer and just lost 1/2 of its asset. Anyone want to speculate what this "possible currency crisis will do" to/for gold. What about you 49er, others ?? Canada is already suffering its own currency problem(not crisis) The CB would just love to jack rates to stem the fall, but all that would to is percipitate more instability in an already volatile stock market. the Chief

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