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Gold/Mining/Energy : At a bottom now for gold?
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To: Ray Hughes who wrote (1177)6/19/1998 7:55:00 PM
From: Gabriela Neri  Read Replies (2) of 1911
 
What you say is old news and has been going on for almost one year. Nothing that a nice lasting rise in the price of gold would not cure . Hence, juniors which have some cash resources to weather the storm and can survive this hostile environment will really thrive when and if the good times return. However, the key will be a lasting increase in the POG. All the hostile conditions will reverse themselves in time with a healthy POG. Also, the return of inflation will help sentiment greatly in this sector. So, instead of repeating the known, mostly priced in, and obvious, the real trick is to forecast when it turns and where to place the bets with the high quality juniors when the conditions warrant.
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