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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Shea who wrote (9702)	7/15/1999 6:39:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

OK on SWC. . .thanks for the tough love. . .guess we need to put together the perfect "metal basket" . . gold, platinum, copper, palladium, silver, pennies, leaders, sleepers, foreign, domestic, etc. Yes, I have a feeling that [aside from any real reasons] we could see a movement into it sometime in the near future. I have seen times when gold stocks outperformed all other sectors. . . during weak market times. . . it doesn't last long. . .but because many are now penny stocks, like you say. . . the gains can be extraordinary. . . in the hundreds of percents. Penny gold stocks do not bother me. . . provided they have not sold off too many assets in the decline. I prefer those that at some time over the past few years has dramatically improved their mining techniques to get their cost of mining per ounce down well under where it needs to be for profiting in the CURRENT market. Our WHX's Handy and Harmon deal in specialty metals [service] and could see second hand benefits from any dramatic moves in the sector. Will take a look at GRERF. Is it Canadian? Rande Is

To: Kevin Shea who wrote (9702)	7/15/1999 7:30:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 57584

Kevin, for a sleeper metals play, sells @ .50, has 1.25 in cash, has good prospects if metals rebound, which I think they must at some point, MAENF. There has been some shareholder talk about taking over the company, selling everything and walking away with what would should be a 500% gain, based on true book. That figure could be a little more or less, depending on the sitrep of the metals market at the time of sales of property. This is an example of momo in reverse, to say the least. You can buy real cheap far out futures on au right now, and they are cheap, but I don't think it is time just yet. We need to see some currency problems, maybe we will get them from latin america. We talked about copper futures at their low, and now, at their near term high. Now that was a ride. I am just about positive no one on this thread took a look when I posted about it. The profit is enormous, just like it was on crude futures when everyone was afraid to touch them, even with borrowed money. I know you know the score. It is that old saying, ""you can lead a horse to water, but you can't make him drink""...