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To: David Zgodzinski who wrote (182661)	7/23/2002 5:44:23 PM
From: Box-By-The-Riviera™	Respond to of 436258

interesting counter point. thanks.

To: David Zgodzinski who wrote (182661)	7/23/2002 5:50:17 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

I think this is a reasonable good counter to the arguments of Prechter as well concerning the period during the post 29 environment ... but don't know. Somebody knowledgeable about that?? Would love to hear them weigh in ... Not just looking to rationalize a losing position. If it loses enough, I get out regardless of fundies.

To: David Zgodzinski who wrote (182661)	7/23/2002 6:03:27 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Excellent points, Dave! My take is that the non-hedged gold companies are undervalued at current prices and for where I see the POG over the next year (avg price around $350)...therefore the downside probably will be tempered (with any luck, it's already behind us). Heinz of course felt that the absolute bottom on the POG would be around 300 and the HUI around 100, if he's right (and he often is when it comes to gold) then the bottom is close in price if not in time. Regards Patron