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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (25988)	11/14/1997 10:09:00 AM
From: Bob Aldridge	Read Replies (2) \| Respond to of 35569

2 beers says were halted before 11:30 . Those bears are in for a hammering tonight ! PS Sorry I mean beers. PSS No, I do mean bears.

To: Claude Cormier who wrote (25988)	11/14/1997 10:28:00 AM
From: Walt Holberg	Read Replies (3) \| Respond to of 35569

<< if only gold could reflect this reality. >> Claude, every day brings new evidence that the era of gold as a store of value is passing. Even during the recent global turmoil, world markets hedged with paper, not with metals. Asia is entering into a state of overcapacity and recession, which means years of deflation ahead (last week's Barron's). I agree that the current gold demand/supply imbalance will be corrected eventually by the market, but the long run is still pobabably down. IPM is a great mining company of precious metals and will make plenty of money as a low cost producer in spite of the price of gold, not because of it. Regards, Walt

To: Claude Cormier who wrote (25988)	11/14/1997 12:42:00 PM
From: TheBusDriver	Respond to of 35569

<<Well if only gold could reflect this reality. DOwn again $7 this morning. One thing is ure, we are getting closer to the bottom>> Gold just doesn't act like it did in the "old days". I haven't been able to figure it out. I would have though money would be coming in from equities to gold and gold shares by now.....Did you see the price on ECO?? $3 buck and change..lowest price I can remember since '81.... <<BTW, I must say that I am impressed by IPM's performance this year given the environment. Can't wait for that PR.>> Well we aren't doing so good today but the day just started. You know I never bought into the "short thing" until the last few months. I have done enough DD to know there REALLY ARE people out there than can buy the stock and then drive the price down to make money. And do it. And do it. And do it..... waiting for the PR myself....it'll be ALL CAPS after that!! wayne