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Gold/Mining/Energy : Homestake Mining

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To: Bill Grant who wrote (87)	5/1/1998 4:13:00 PM
From: long-gone	Read Replies (4) of 415

You know, people just can't sell something at a 30% increase in price and not do much better! I also hold Echo Bay.If people had their heads out of their butts, they would see ECO beat the hell out of estimates!. This too was due to the price of silver. Now with Gold a little higher.?.... 270 something to 300+. A whole bunch of the miners should become heros any time now - Next qtr?! One day soon, we will get a reward for a real P/E. Let's say it will drive this thing back to the $18 range. We get a 1-5% devalued dollar due to the euro. 5% higher gold price will drive the miners into 15-25% more profit $18 x 1.25 = $22.5 + a return to about 7% inflation (as Greenspan will be powerless due to lack of IMF help). That could drive at least a 1.09 x premium = $24.50. The momentum from this largest market of all time could drive it by 3.5 x = $85.75 ? The longer that inflation runs unchecked, the longer They would run. Am I reading this right? Then after the crash, a 5-10% fall & a 25-35% run after? Oh sure, there will be splits, dividends, & the market may not crash the first day of "inflation". Yes, IMHO the US could again see inflation & deflation at the same time! rh

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