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Gold/Mining/Energy : PHILADELPHIA GOLD AND SILVER INDEX: XAU
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To: Dan P who wrote (15)12/4/1996 9:58:00 PM
From: Kenith Lee   of 28
 
Hi Daniel,

I suspect the recent weakly on Au is most likely to be forward selling by ABX and the others who need hard $$$ to get secure deal(s) on Bre-X's hugh Indonesia deposit. Now that the deal is near almost finalize, the sellings stop (both bullion and jr. mining shares). Just my opinion.

-KL
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