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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.6900.0%3:59 PM EST

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To: Carl Santavicca who wrote (2552)6/16/1998 8:03:00 PM
From: Hawkmoon  Read Replies (1) of 2841
 
Folks,

One of my fairly reliable sources on the local busness radio channel, stated that he was hearing that big cap money was looking for a home in the value sectors, namely oil drillers/service, pharmaceuticals, and mid-cap stocks which have all been undervalued as we can attest to.

I'm hoping that we have seen a bottom and the US steps in and either supports the Yen or sells Dollars, as well as looking to lower interest rates.

Personally, I see interest rates in the low 4% level on the long bond by Xmas in a flight to quality from the big caps, but we'll see.

Regards,

Ron
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