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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Ken Benes who wrote (38545)	8/7/1999 11:55:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116764

Ken: I don't trust Barron's and stopped getting a while ago..I don't even think one can use it as a contrary indicator.. I agree with you re gold.. not yet actually I am beginning to wonder if down the road there will be some class action suits against the media for not being investigative enough in their reporting

To: Ken Benes who wrote (38545)	8/7/1999 12:20:00 PM
From: Lane Hall-Witt	Respond to of 116764

I'm usually pretty skeptical of rumors like the Tiger story, but Abelson's piece actually makes me think there probably is something to this one. I enjoy reading his column, but he's a lackey, a mouthpiece for Blue Horseshoe. That filing Tiger put in for U was a pretty transparent attempt to pump the stock; Robertson doubtless is massively leveraged against his U position, which is losing value at a tremendous rate. The selloff immediately afterward looks to me like some players are trying to kill Tiger -- similar to the attempt to kill LCTM when it got in trouble last fall (documented by NYT Magazine in a superb article earlier this year). What the implications of this will be for gold and gold stocks, I don't know. I hold small positions in ASL, AU, and NEM, but haven't put much thought into the various theories of market manipulation that are often discussed here. One thing I do know, though: when Abelson gets involved in stories, you always have to ask what he's up to. I learned this lesson when he pumped a tiny stock I owned: SEEC. The market cap on the sucker was less than $30 million, and he doubled it by reporting that one of his fund-manager buddies loved the stock. He was right on the fundamentals and the fact that it was very undervalued (market cap below cash), and I of course was thrilled to make a quick bundle on an investment that I thought would take a long time to play out. But it was also a pretty shameless piece of market manipulation to pump a $30 million company in the lead article of Barron's! I doubt what he said about Tiger is the straight dope--.