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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.00-0.5%3:59 PM EST

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To: marcos who wrote (2890)12/4/1998 10:32:00 PM
From: d:oug  Read Replies (1) of 4066
 
marcos, from your post, the 'Capitalist Pig', are the following the
main facts that have to be watched ?

From anyone, your view of the list items, good or bad, welcome.
Also, add or substact from the list.
Thanks.

a base is being built in the $290-$300/ounce area.

every time gold has popped its perky head above $300,
producers have rushed to hedge by selling forward their supply.

That can only go on for some time before the shorts get squeezed,
rush to cover and send the price up that much faster.

Besides, when it comes to gold, the bad news is out.
From central bank selling, to weakness in the yen,
to decreased demand from Asia, it frankly can't get much worse.

Doug
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