Echo Bay Mines, anyone (anyone) ((anyone))? Message Board

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Gold/Mining/Energy : Echo Bay Mines, anyone (anyone) ((anyone))?

ECO 33.30

-0.8%

12:00 AM EST

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To: LesX who wrote (171)	11/12/1997 8:36:00 PM
From: Alex Burns	Read Replies (1) of 300

LesX, could you explain how you figure the ROI potential? Despite good news (an analyst upgrade)today, the ECO stock price went down. IMO, the price action in gold is driving the price action of ECO. For more on that, let me quote from today's "Gold Mining Outlook" by Steven Jon Kaplan at geocities.com "The price of gold retested its $307 low of October 24, 1997. Gold mining shares mostly hit new annual lows as very bearish sentiment inspired a general selloff and the XAU hit its lowest intraday level since March 12, 1993." Alex

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