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Gold/Mining/Energy : Alta Gold

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To: Dwight Taylor who wrote (404)	1/23/1998 6:11:00 PM
From: Francois H. Gaston	Read Replies (1) of 749

Time to short ALTA big time Monday <gggg> Just kidding. I think gold and goldstocks are on the move... up for good. It will be interesting to see what Barrons, Ruckheiser and other pundits have to say this weekend... I know: big central banks selling and Europe selling possible... blablablabla... Hey! I will buy thier gold with my goldstock profits! What I don't know about ALTA is the following: will they have a better profit if the ounce goes above 330 (their hedge)? They might have hedged all their production: which could be a bad mistake. I know that Newmont Mining was not hedging their production in the past. Bollinger Bands are enlarging. Volume, I agree Ben, is very good for such a small company. All these are considered Accumulation, of course (excellent!). At this point, the global wowrld economy is so messed up, with this unfortunate Clinton problem when the IMF is so buzy... Individual investors might run for the gold: stocks and even buy real gold (for Valentine's day!). The world production and cnetral bank selling might not be enough. The sad part is that these poor South East Asia countries might be left in the dust because thier currency situation will not allow them to buy real gold... while Japan as saved money and might be buying big time. Coming weeks will be fascinating. World leaders might be at lost and panic gold buying from regular citizens might ensue... Then again, who knows! Good luck all. Gaston

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