Golden Eagle Int. (MYNG) Message Board

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Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

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To: Brian N L who wrote (546)	11/29/1997 8:07:00 PM
From: CIMA	Read Replies (1) of 34075

The only way a company can legally cause a rise in it's share price is through positive news. It can only be halted at the request of the company pending significant news or by the exchange because it has broken regulations. Golden Eagle is under the same pressure as all other gold mining stocks. The price of gold is near a 12 year low, central banks are unified in talking about selling gold reserves - they have 10 years of annual production to sell should they decide to do so - and the floor hasn't been hit yet. $280 is likely and many say $250 is soon possible. The U.S. $ is acting as a safe haven, a role historically preserved for gold, from the financial turmoil in Asia. Until the U.S. $ tops out gold will continue to fall. IMO.

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