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Gold/Mining/Energy : PHILADELPHIA GOLD AND SILVER INDEX: XAU
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To: Kenith Lee who wrote (11)11/30/1996 5:08:00 PM
From: Dan P   of 28
 
Ken:

The ABX deal may have a lot to do with the XAU holding up as well as
it has. If you look at the other stocks in the Index, none of them
are doing very well. Also, Elaine Garzarelli has issued a sell
on the general market, and a hold on oil-related, and gold mining
issues. Gold bullion has been heading south, and looks very weak,
and likely to go lower.

Regards

Dan
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