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Gold/Mining/Energy : Gold's Six Month Base Near Completion

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To: Pete Mimmack who wrote (42)6/1/1998 11:35:00 PM
From: Bill Murphy   of 94
 
Pete,
Good point, but we would look at it very differently, especially from a psychology point of view. The Russians have bought gold recently to build their reserves. If they sell, we will have indigestion. The Dutch thing, if we are right, is a semi-chronic thing that is going to go away for two years. One day mucho supply, next day gonzo. When that hits people, we think it will make a sustained difference.

Bill Murphy
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