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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Kent C. who wrote (6891)	1/28/1998 4:44:00 PM
From: Kent C.	Read Replies (1) of 116950

Former Fund Mangers outlook on Gold: Peter Grandich Precious Metals No sooner do I arrive home, only to find numerous inquiries on why I changed my opinion. "What change", I said? Apparently, someone posted on the Internet somewhere that at The Vancouver Gold Show I stated gold won't rise much further. This claim is erroneous and why I dislike the Internet at times. What I did say was I indeed looked for a rally to begin a few weeks ago, and simply felt if and when it hit $320 or so, we could run into serious resistance. Producers who were caught with their pants down will feel the urge to scale up, sell so they can return to profitability and/or positive cash flow. I guess this person interpreted that statement differently. I will say it again, I believe gold has traded in a 17-year trading range of $285 - $500, of which it spent most of the time between $325 - $425. I foresaw no reason (and still don't) that, it can't eventually go back to the upper end of its trading range. Neither Peter Grandich nor Peter Grandich Company, is a Registered Investment Advisor or a Broker/Dealer. This communication (print or electronic) reflect Mr. Grandich's opinions and does not necessarily reflect those of anyone else related to the firm and may be in conflict with the views or official views of the companies mentioned.

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