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Gold/Mining/Energy : Battle Mountain Gold (BMG)
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To: Ralph LaSardo who wrote (33)12/28/1997 10:51:00 AM
From: dwight vickers  Read Replies (1) of 174
 
The way the metal stocks move 20% should be easy once the trend changes.

The tough part is changing the trend. But at these levels if you're just getting in (as I am) you at least know you're closer to a bottom than a top.

I'm planning to hold BMG (and HL) for longer moves.

Not a believer in inflation or higher interest rates either. Other than short term dislocation type moves that will only exacerbate the long term deflationary trends.

I've actually believed in lower interest rates since the late seventies when Volcker first started to squeeze the money supply.

And argued against the metals for a very long time. This is really my initial buying. Other than having bought Santa Fe Gold because of all the insider buying after they were spun off.

Doesn't mean I won't be early here, I always am.

Dwight
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