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Gold/Mining/Energy : KITCO - Gold discussion

GLD 457.82

+1.3%

4:00 PM EST

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To: kitkat who wrote (122)	9/24/1998 4:24:00 PM
From: kitkat	Read Replies (1) of 989

Buy Banking? NOT!! Precise Buy Signals suggests loading up on bank stocks. I agree that banks have a lot of paper to burn. It will be a roaring fire. "July's high in the banking index was 932. At the moment it is at 679, 27% below it's high. Given the huge reserves of the U.S. banking system, it is probable that the market has over-discounted troubles facing banks.Today's decline reflects suspicion, not facts. The fact that banks have the financial strength to bail out Long Term Capital is reassurance that at this price range, bank stocks are a good buy."

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