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Gold/Mining/Energy : At a bottom now for gold?
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To: FRANK MANUEL who wrote (973)12/3/1997 12:48:00 AM
From: paul ross  Read Replies (2) of 1911
 
FWIW ,I bought a bunch of Eld yesterday against one of my broker's advice. He claims they have little cash, have a lot of debt, are a high cost producer, and have about a year to live at the current gold price.I've been looking for a financial statement to verify, if you find one on line let me know.

However, I expect a bounce in the POG (possibly 325), with Eld going back up to $2 range. If we find resistance there (325), I'll be a seller.
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