Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : A Deadcat Bounce -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (61)	12/2/1997 1:06:00 AM
From: Tommy D	Read Replies (1) \| Respond to of 97

Hong Kong sure continues to be strong but Japan is going sideways. Korea is a mess; down another 4% today. I initially was looking for economic turmoil in Asia as I thought that would help my gold stocks as at some point, there would be a repatriation of funds which would lower the U.S. $ and that would boost gold. No reason for this to happen if the Japanese market stays up so to date, the Japanese Government's efforts to prop up their banks have been successful. Time will tell whether the worst for this market is over or not. With all the doom and gloom, it does sort of reminde me of when the U.S. dollar was in the dumpster in comparison to the Yen. It suddenly started moved up and hasn't stopped since. However, for the time being, I have other resource stocks(mines and forest companies) and I have decided I would rather have some stability in the Far East and I will take my lumps on the gold stocks. Today was a good day in what I normally invest in(ie. the Abbitibi's or Inco's of the world). As an aside, do you think Falconbridge will run at Inco. It sure makes sense to me. Particularly, because Falconbridge was so mad when they initially lost out to Inco on V.B. I bought some Feb. options on Thursday at $1.10(strike price of $30). Could be good. Regards Tommy