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To: Terry Whitman who wrote (76731)11/23/1999 8:19:00 AM
From: Earlie  Read Replies (3) | Respond to of 86076
 
Hi Terry:

Yes, I do. Never have in the past,....not even when I should have, but it sure makes sense to me now, particularly when one notes the heavy treasury selling, the dollar coming under pressure, etc.

Incidentally, it makes more sense to me to own junior golds with well documented reserves than physical gold or the senior golds. One can buy gold at $5 to $10 per oz. (or less) that way, and they will come alive as the gold situation improves. Also, they are not "hedged".

A few months ago I mentioned my favourite, GSL (Toronto). It has of course gone nowhere ever since. All I can say is, have a look at the company's announcements over the next few days. (g)

Also note that one of the world's largest S. African mining companies just announced a rather significant investment in a Columbian based mining play. "Columbia, you say?" (g)

I think GSL is a "no brainer" now.

I have no affiliation with this company, but know and can vouch for the quality of the players. Rovig, the head honcho, is a mining engineer's mining engineer. He has an excellent track record. He also refuses to promote in any way (which partially accounts for the bargain price). Given the rather amazing deposit that he has systematically and quietly delineated, he doesn't have to.
It is simply a matter of time before one of the larger players acquires the company. A few of them are already actively evaluating the situation.

Best, Earlie



To: Terry Whitman who wrote (76731)11/23/1999 8:39:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 86076
 
>>Now if we can get the stocks to follow. <<

Tell me about it. I took a position in the XAU yesterday as my stuff said it should break out but instead it dies while I was at work and was pretty disappointed when I saw the last half of the day.

I think the over all market is due to pullback here but calling manias is always tough. I just can't help thinking that things have to at least take a breather but when they can runthe indexes up on 3 stocks, it is always difficult to say when.

Gold at 298 this morning I would hope can push the gold stocks up a bit. I read somewhere there was going to be another BOE sale at the end of this month so that might hold us below 300 for a while. XAU broke below a daily trend line but the weekly line is still in tact. Lets hope for a nice bounce today. I was originally planning on holding for at least a double and maybe a triple but now I would be happy to get a scalp unless something major happens that is good and fast. I should know better than to try and play value instead of over priced Momentum stocks. <ng> Higher Oil, crashing bond and transports, utilities making new lows etc doesn't matter. I always forget rule number 1 of the new paradigm, tech stocks only go up.

Good Luck,

Lee



To: Terry Whitman who wrote (76731)11/23/1999 9:30:00 AM
From: re3  Respond to of 86076
 
<<<Now if we can get the stocks to follow. <ng>

it looks like abx will open higher...