Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Mike who wrote (2161)	1/8/1998 11:22:00 AM
From: JD	Read Replies (1) of 4718

Mike lots of negatives hitting at once. 1. Gold down 4.00 so far today to $280.25 (11:19 Kitco). This is VERY close to some sort of psychological threshold for the market. If it goes below that then mass pessimism may take over and it could drop much further. ( I am NOT saying this makes any real sense but if the people with the money believe it then it is real) 2. Silver down .32 to 5.74 today (11:19 Kitco). 3. Indo markets took a 1 day hit of -12% ( after yesterdays drop of almost 6%) based on 2 main factors. Soharto rumored to not seek reelection and Soharto's budget exceeding IMF restrictions. This leads many people to be not so enthusiastic about social (read investment) stability there. Conclusion: What can you do1?! S**t happens... only two choices: be patient and hope, or bail out. I'm holding .... and crossing every appendage I can. JD

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