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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Alex who wrote (4399)	12/17/1997 5:25:00 PM
From: Bucky Katt	Read Replies (1) of 116764

Beyond the good news on a stronger yen, I think it is important to note that an old line banking family is in the position to become a very large gold producer, via foreclosure of loans to mines. And, they are getting them at, as best I can figure, .15 on the dollar. As I said, they are the smart money. A huge shift on the horizon? It's always darkest before the dawn.

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