Battle Mountain Gold (BMG) Message Board

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Gold/Mining/Energy : Battle Mountain Gold (BMG)

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To: dwight vickers who wrote (29)	12/27/1997 9:56:00 PM
From: Ralph LaSardo	Read Replies (1) of 174

hi dwight, hope your still holding your position in BMG, I plan to buy monday and it should begin to move after that. VBG. got out of BMG at a loss in october to buy paasf (silver miner), made 50+% with the move in the white metal. I am a little hesitant now with the short position that the big guys have with silver contracts and would rather take my profits and move on. maybe giving up a little upside, but i believe the prospects short term are better in gold. Although, I do not expect inflation to be back any time soon, or money to move out of the bond market into gold, I believe that gold is so oversold that it has got to bounce up from here and with it the shares of BMG. There could also be a slide in US equities in '98 as earnings projections get lower and money may gravitate to gold shares. My plan now ,barring major condition change, is to exit the position with a 20% profit. Hopefully it won't take too long to get there happy new year, Ralph

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