United Keno Hill, UKH, Toronto**** Opportunity Knocks! Message Board

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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!

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To: Brian Gerbozy who wrote (634)	12/4/1997 10:46:00 PM
From: Claude Cormier	Read Replies (1) of 1348

<< "We do not believe gold mining equities have fully discounted the drastic decline in gold price which has already taken place. In addition, we believe there is a real possibility gold could decline even lower." >> It is possible that gold drop lower...who can predict were this carnage will end... the sooner the better. However, I think this guy is wrong about gold stocks...they are fully discounting current gold prices. Examine them one by one, they now sell at unseen bargain prices. Barrick has never sold at this low price of $76 per ppp ounces of gold. Several juniors are selling below book value ...Current prices are much lower than at the 1993 and 1985 lows... I am betting on a strong rebound in January. But as you may know I am betting much more on silver. CC

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