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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (921)	11/16/1997 7:06:00 AM
From: hedgehog	Read Replies (1) \| Respond to of 1911

Roebear, with regards to the info I received on PD's expectations for POG. I received this info from and engineer who has just left the company to take on a new position with another company. I have not known him for long but believe he has no reason to make this up. He tells me that when he was forecasting future project/capital expenditures, that is when he was made aware of the forward looking gold prices that he was to take into consideration with regards to which sites were to receive capital and which sites were not within the spectrum of viable capital capital expenditure due to the forward looking POG forecast. On a personal basis, I will take this info and probably hold off on averaging down on some of my favorite gold stock with a close eye on daily international news events such as the Swiss miscalculation in bullion numbers etc. I've been involved in gold mining all my life and will always be long on gold as an investment. In almost all cases, when the MMs tell you that the market is the place to be and gold is not a good investment; that is when I have to seriously look at accumulating more gold stock because inevitably they end up eating their words (along with all their followers). The only thing I cannot pin down is what kind of time frame is required for the rise in POG after the MMs loose their shirts in the market. It seems to change frequencies and therefore I just make sure I have a good gold portfolio and just let it ride until the impending POG rise takes place. Your thoughts??? Regards, Nick. '