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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?


To: Terry Swift who wrote (8208)11/1/1997 3:45:00 PM
From: Ming  Read Replies (1) | Respond to of 10482
 
Take the following hypothetical situation: Gold goes up to 375
in the next 4 weeks, on the strength of a market crash.(It could go a lot higher, as western nations compete with each other to see who could devaluate their currency the most,in an attempt to increase exports. The dollar is aboutto be trounced, as Asian central banks, who including Japan have more than 700 billion dollars in US T-Bills realign their reserves in a desperate attempt to ward off currency attacks. Throw Latin American Central banks into the fray, and you have a major crash in US markets.) How much will Arizona Star recover?
The deal means that the company is now a leveraged play on the price of gold, as a price of 375 or higher will probably mean production of CC down the road. I say $5 or higher. By the way, I don't own any shares in either company, I'm just following them with interest.
Please post some opinions. Thanks.

Ming



To: Terry Swift who wrote (8208)11/1/1997 10:04:00 PM
From: charred  Respond to of 10482
 
Terry now you are saying that this thread has nothing of substance to say. What do you mean by this? Are you God. Please Terry if you think you are above everybody on this thread why do you post?