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Gold/Mining/Energy : Greenstone Resources GRE.T or GRERF OTC -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (773)	6/10/1999 4:28:00 PM
From: ogi	Respond to of 1005

They face tough odds but I am pulling for them. I would be happier if this recent debacle was the final blow off before sanity returns to the price of gold. For now I'm headed for a weekend of golf and I hope to not hear a single financial report for a couple of days!

To: SwampDogg who wrote (773)	6/15/1999 9:12:00 AM
From: Steve Johnston	Read Replies (1) \| Respond to of 1005

Forget about gold as a quasi currency instrument, it really hasn't operated in this sense for years. The fact is that there exists a huge difference between true demand (for jewelry, trinkets, etc) and true supply, in favour of demand! And that was at $285 per ounce. At $259 it is even greater, as more and more mines/projects become economically unfeasible. Just yesterday, Kinross announced the closure of their mine in Kirkland Lake, putting over 180 people out of work, right in Ontario's gold heartland!! Once the Central Bank selling settles down, and the large number of forward selling contracts get honoured, gold will rebound. Watch for Y2K panic to have an effect later this year, as well. Regards.