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Non-Tech : Dollar/yen ambush?
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To: ForYourEyesOnly who wrote (13)6/19/1998 8:38:00 AM
From: Bill Murphy  Read Replies (1) of 95
 
THC,
As you probably know I have been "pounding" the table for a big gold move up here. We have a classic set up with the specs mega short the deflation trade. Events of the previous days are watershed events and should change the big picture investment theme to some degree.
You certainly are right about the resource sector. The South Africans are very cheap and leveraged to the gold price and would greatly benefit from a substantial move up. This bombed out market is truly a value play. At least I think so and agree with you.
Bill
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