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Gold/Mining/Energy : JAB International (JABI)

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To: NET who wrote (3260)	3/24/1998 10:59:00 PM
From: Peter S.	of 4571

It is disturbing how much we have learnt about these Liners... There is good news from the Gold Mining Outlook page. Quote: "The current outlook is STRONGLY BULLISH, primarily because of strongly bullish traders' commitments for gold and slightly bearish traders' commitments for the "white" metals; a generally neutral and rapidly improving technical chart for the yellow metal as it continues to retest its 1985 bottom, with a break of the downward trendline connecting the peaks on a weekly chart from the first week of February 1996 increasingly likely as it coincides with the past of least resistance, and which would be strongly bullish; generally pessimistic analysts' and investors' behavior, as evidenced by the powerfully negative comments about gold in the first quarter of 1998 each time that it has a moderate down day, combined with a nearly unanimous brokerage downgrade of price estimates for gold and gold mining shares; a meaningful historic correlation between the early years of a major worldwide bear market in equities and a corresponding sharp rise in precious metals, with the recent Dow rise coupled with rising long-term U.S. Treasury yields making a decline from the stock market's peaks increasingly likely, and having a close linkage with a weaker dollar which is classically bullish for gold. A sharply increasing army of short-selling speculators have been unable to push gold much below $300 for any sustained length of time, and they are surely sitting with tens of thousands of contracts of buy stops not far above $300." Unquote. The full story is at this link: geocities.com My understanding from information previously posted here was that when (if) PoG rises gold mine stocks increase in value at an exponential rate. This being due to fixed production costs set against the rising product value. Something to dream about. Peter S

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