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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)
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To: Michael Markham who wrote (117)11/17/1997 8:57:00 PM
From: Steve Johnston  Read Replies (1) of 350
 
Hang in there, everyone. Year end tax loss selling is almost over and eventually gold has to start moving up, after the effect/rumours of European gold selloff moves through the system. Remember, that about 30% of the world's production is uneconomical at today's POG. Aside from central bank reserves, the demand for gold still outstrips supply, even as Asian countries reduce their purchases in the face of domestic currency problems. At 30 cents, WRM is a screaming buy, as the company is hedged forward very well, and has never been in a healthier financial position, with the profitable re-start of the Golden Bear mine. As well, look for news out of their Costa Rican property sometime early in the new year. Regards.
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