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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low
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To: Lightning who wrote (55)11/25/1997 3:13:00 PM
From: Dale Schwartzenhauer  Read Replies (1) of 199
 
Not a good day for gold today generally, as we tested the $300 level once again. I still feel we'll see $280 before it's over. Can PGU survive this fall is the question. New lows are widespread today so it shouldn't be alarming in respect of PGU. Their delicate position makes them a greater sell target in these downdrafts. I'm waiting for $280 to buy any producers, and then it will likely be PDG and ABX, maybe AEM.

Regards, Dale
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