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Gold/Mining/Energy : Minefinders, MFL

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To: marcos who wrote (65)	3/27/1998 4:55:00 PM
From: Robert	Read Replies (1) of 578

My opinion is that you wont see any buying until this quarter is over. No one wants junior golds showing up on their books at this stage of the game. I've checked a number of other advanced stage juniors, and they are all treading water while Barrick and Placer race upwards. If one were a gambler (I guess we all are), one might speculate that with the upward price move in the POG (which has broken out on the XAU index), we are now being afforded a better entry point to make additional or new share purchases. If the majors continue upwards (and they are highly leveraged to the POG), eventually (and soon) they will become quite expensive looking. If and when that happens, advanced stage juniors (with near term results anticipated) will look quite attractive. If the POG establishes an upward trend over the next week, and MFL hasn't moved, I will consider adding to my position. There is some comfort to gold bugs in the fact that inflation is rearing its head, and in prospects of gold reserves being held by the new European Bank. None of this is a certainty, but all one can do is look at things like the above before entering the crap shoot.......good luck...Robert

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