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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (92640)	7/20/2001 11:55:03 PM
From: Frank Pembleton	Read Replies (2) \| Respond to of 95453

Forget the Kinross as a tax loss thing Only if you can forget it first :) The nice thing about this week is that gold closed just above $270, and I noticed strength right across my PM watch list. The potential of a miners strike in South Africa was a bullish offset to George Cole’s bearish news about lower lease rates. The one troubling thing, short term no doubt, is the relentless slide in the price commodities. It doesn't matter what it is, the world economies just don't need it. The people who are calling for a quick turn around haven't spend any time studying this, I don't think they’ve spent any time studying the currency situation either. A re-alignment is needed, and I don't think a quarter or two is enough for America to solve. Thought Y2K was nuts? Just wait for the New Year when the euro becomes a tangible currency. Too many unknowns and I'm assuming investors won’t like it. Anyway don't let the short term fluctuations shake you out of gold stocks, the best as yet to come. Best Regards Frank P. Off Topic I’ve been to Canada's Wonderland, about 7 maybe 10 years ago. I’m not crazy about that sort of thing, and to be honest I’ve never tried the rides at West Edmonton Mall. I’m a bit of a lumberjack/hunter kind of a guy, please remember I am from Timmins, so any type of past-time or sport that doesn’t involve an axe, sword, shot gun or bicycle – just ain’t interested… -- I’m happy you enjoyed it, did your daughter? BTW: If the group doesn’t mind you might want to fill us in on your Alberta dino bone expedition (a pick-axe was involved, right?) – in nice little off-topic installments would be great. – Thanks.