To: PaulM who wrote (55439 ) 6/29/2000 5:59:00 AM From: d:oug Respond to of 116756
Paul, Over at the egroups.com GoldWorldNet thread was a mention of Fleckenstein, of <<...he's a director of Pan American Silver.>>egroups.com egroups.com Subject: Bill Fleckenstein, Gold, Stillwater ... daily basis is Bill Fleckenstein's Contrary Investor at siliconinvestor.com ... he comments on gold as follows: "Away from stocks, it was interesting to note that the yellow dog was barking today. Sources at the Comex tell me that JP Morgan, which has until now been very bearish on gold, issued a bullish opinion that was apparently technically based, but did talk about the potential for an explosive rally. These are not exactly the kind of words that have been on people's lips over there in recent memory. As anyone following the gold market knows, Morgan has been wildly bearish. Another more-informed source told me that today's action had more to do with changes in hedging and reserve policy in South Africa. Details at the moment are sketchy, so stay tuned. Gold did finish at its best level in some time, up $6.80 to just over $294 an ounce." And then he comments on Stillwater, Franco and Gold Fields..... "A subject I haven't talked about much is the prices of the platinum group metals -- palladium and platinum itself. I've long been a bull on those metals intellectually because of the supply-and-demand characteristics, but the practice of investing in PGM as a group has actually kind of worked. Almost all the PGM metals produced in the world either come from South Africa or Russia, with the notable exception of a mine in Montana owned by Stillwater Mining (SWC). The reason I mention this is that..... ... Sounds like a teriffic three way combination to me..... By the way, he is a bull on silver - he's a director of Pan American Silver. Cheers.....