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Gold/Mining/Energy : ATNA ( v.atn t.atn)

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To: Kent C. who wrote (191)	12/15/1997 6:35:00 PM
From: Richard Humphrey	of 509

Yes Kent I expect Gold/ and Gold stocks to dominate 1998. When European Monetary Union takes place and the ECC - Central Banks come out with a policy for gold as a reserve (5% is what has been rumoured), then that will take the selling pressure off of AU. Then the short sellers of bullion will have to cover for fear of the CB's calling the AU loans. Since we all know there are more paper certificates of AU than there is of the physical kind(demand outstripping supply), the shorts will chase it well past $350. Who knows it might just get to $400 US in 98. We will see Au start to GAP UP sometime in the Spring/98, as we draw closer to the EMU. I have been told the tell tale sign is when the major producers start on the acquisition trail in droves. I believe we are getting a peek at it now! My thoughts! Rick.

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