A Deadcat Bounce Message Board

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Gold/Mining/Energy : A Deadcat Bounce

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To: Ed Pakstas who wrote (70)	12/6/1997 4:56:00 AM
From: Goldbug23	of 97

Ed, as you obviously know The Trend is Your Friend and the gold trend sure aint up. Trying to pick bottoms seldom pays off, at least for a long time. Gold mines are closing fast and cutting back in So. Africa at the moment. Big mergers are taking place there also. The big fish eating the little fish. That may well start in ernest in No. Amer. where retrenching has also started in ernest. If I were going to start nibbling on golds at this time I sure would stick with the big boys. Smart money will wait for a trend reversal. Real estate is also picking up here in So. Cal (I happen to live in the famous Orange County of Bankruptcy fame.) Best, Jim

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