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

To: Ed Pakstas who wrote (63)	12/3/1997 12:09:00 AM
From: Tommy D	Read Replies (1) \| Respond to of 97

Looks ugly in South Korea again(another 3%). I have been trying to find out how much Korea's economy affects Japan but not with any success. Japan is weaker but only marginally. Still no move up in the gold price. I read your post on Donner and agree with your comments. You wonder if we will wander aimlessly until spring when ECC is to convert to common currency. Once that is out of the way and certain of the European countries have dumped their gold(and NOT Switzerland), may start to see a move back. In Canada, we also have a year end phenomena in currency. Our currency is often weak in late Nov./Dec. as it almost seems that U.S. parents cover their position and convert to U.S. currencey. I don't know if it will happen this year but would not surprise me. Will there not be a similar reaction to gold. No one wants to admit to owning gold stocks or perhaps gold bullion as of Y/E but interest may come back in January as funds adopt a position that offers large return over the next 12 months(presupposes of course that fundamentally, investors believe, the bottom is here or near). You are on Can. Stockwatch. I have a trial subscription that ends in a few weeks. You seem to like it. If you don't mind me asking, what level of service do you subscribe for? Regards Tommy