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Gold/Mining/Energy : JAB International (JABI)
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To: Dr. Bob who wrote (2724)1/25/1998 3:26:00 PM
From: D.McQ  Read Replies (1) of 4571
 
DR Bob: As anyone who has followed BCMD for awhile knows I have been invested in the mining sector for a lot of years. When this sector started to pullback, I pulled out but remained in touch with this part of the market.

I find it interesting that after a couple of years of quiet I seem to be receiving a lot of mailed out gold research "newsletters" that all say basically the same thing as my last post. Since the newletters aren't on-line I can't provide URL's etc. but the jist of many of these "gold market experts" is the same.

Here is what I getting out of the recent flood of experts who are touting gold for 1998:

1. Gold survived the debacle in Asia.
2. Asian investors are investing in gold as a permanent fixture.
3. What happened in Korea and Thialand is considered a "watershed" event in the history of the gold market.
4. Russia and China are buying gold.
5. The media is usually a step or two behind the ups and downs in the market.
6. There is a lot of uncertainty surrounding the dollar.
7. In late 1998, Europe is suppose to introduce its own gold-backed reserve currency.

There is a well known consensus that the market always returns to the "mean". With that in mind Charts etc. are indicating the Dow is currently "overvalued" whereas gold is "undervalued. To me that spells a market correction. I'm also hearing more than one "expert" speculating that gold will challenge or even break $1,000/oz this time around.

After reading and analysing a lot of different opinions I'm leaning more and more toward this being the start of a very big bull market in the Silver/Gold mining sector.

Another interesting point is that silver doesn't appear to be going the same direction gold is:

1. Silver is not a monetary metal
2. With the introduction of digital photography the demand for silver is expect to actually decrease.
3. Silver has always been heavily manipulated and right now there are too many rumors flying around that a group of "speculators" are behind the latest rally in silver.

Once again my research returns me to gold and all the gold that BCMD appears to be sitting on vs. other companies like ABX, RYO etc.

There is a very good reason why these undiscovered "junior" gold mining companies can be so profitable to investors. As soon as they can "prove" they have the gold the company HAS TO MAKE ABSOLUTELY SURE there are no "insider leaks". The NASDAQ gets very suspicious if too much "information leaks out" and the stock runs just prior to a "halt for news".

So as investors we have two choices, we can position ourselves in a stock we think looks promising or we can try to catch it when and if it is indeed able to "prove" its value. I have always been very successful when I do my due diligence and position myself. I don't buy or sell stock based on hype, or anyone elses opinion. I also don't just blindly hold on and hope.

It all boils down to one very simple thing. Is there really actual gold here? My due diligence gives me facts that say yes.
1. After doing a lot of their own due diligence, the JV thinks there is enough gold here to hand BCMD $9 million.
2. Two separate engineer reports indicate that based on geological evidence there appears to be a large quantity of gold here.
3. BCMD has put out press releases stating they have found two new virgin ore blocks that contain "visible gold".

The only thing I am hearing that says "no" is supported by nothing other than "pure emotion".

BTW here is one more fact. The only time I have lost money in the stock market is when I made an investment decision based on emotion.

Darlene
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