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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: valueminded who wrote (7159)	10/24/1997 2:13:00 PM
From: Bilow	Read Replies (1) \| Respond to of 94695

I bot FSCNY, they are a South African gold stock. They carry a decent dividend, and actually make money, which is more than most of the stocks can do. But the problem we have in the economy right now is a deflation, not an inflation. Revenues are decreasing. Over production, world-wide is the problem (I think). This can change in a heart- beat to a stagflation, in which case the golds will do wonderfully. The golds will do wonderfully if everybody starts deciding that they need to put 1% of their net wealth in gold or gold stocks, there just isn't enough of it around. But I am sure that you can get much better advice on gold stocks in the gold threads in SI. I really don't follow them much. I sold my puts on XCI this morning for a healthy profit. I intend on legging into a later expiration before market close. If this market tanks by 22% in one day, I want to be there, and I think it could happen in the next year or so, maybe even next week. -- Carl