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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: DeplorableIrredeemableRedneck who wrote (7870)11/26/1997 1:25:00 PM
From: Phil Jones  Read Replies (2) of 14627
 
Darren: I look at the rate of gold's decline as being a positive. The faster it drops, the faster it has to come back. If it had been sitting at say US$320 for a long period, I'd be a bit more concerned. What I think may happen is a bounce as in 1985 or so, when it kept dropping to around US$280, then one day bounced back to around US$300 and next day to around US$330. It seems an ideal time to get into junior gold stocks, since even though gold's price is dropping the junior golds are already very low and further drops seem to be having little impact on junior gold prices, i.e. there's only an upside.
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