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

To: Enigma who wrote (42602)	10/10/1999 1:24:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 116764

DoubleD, OK the bullion banks and CBs might cover and I agree that that may have a short term impact on the POG, 2-4 months? or as long as it will take for them to cover. However a few small mining companies are not going to influence it. ASL is small ( in the relative size of the world market ). The bigger players I believe are too sophisticated and played their hands well I ( and Merrill GG, ) believe. If we are proven wrong well so what's new. I have already made 10% on ABX trading in 2 weeks. Not bad. It is important to diversify in gold stocks if you invest. This way you are not caught shorthanded with any. I have about 7 now and try and concentrate on the bigger players only and the ones that appear less hedged, TA

To: Enigma who wrote (42602)	10/10/1999 1:33:00 PM
From: Tunica Albuginea	Respond to of 116764

DoubleD: Perception. Perception. Very important.Sometimes perception is reality. I believe that already the perception is that inflation is crawling in. The Big Institututions are not dummies. The Fidelities the Merrills etc, etc. They can make big mistakes ( Long Term Capital Managem and 3rd World Debt last year ) but they have enough folks working for them that sooner or later they recover. I am sure that JPMorgan can dust off any old timer who will tell them about the run up of Gold in the 70 and they can review their outlook and adjust their investments. Even ole '49r here may get a call from JPMorgan one of these days, shed her overalls and put a decent suit on to show up on Wall Street and give them advice. ( she is going to have to be briefer though in her presentations ), back later; go see the kid play, :) TA