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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Bruce McGaughey who wrote (3305)	12/4/1997 11:21:00 AM
From: SnakeInATuxedo	Read Replies (1) \| Respond to of 11603

<<Not a good trend developing for gold. >> Developing? This trend has been extant for over a decade. Actions such as the Argentines have recently taken - and remember they were the same bunch who had the bright idea of trying to re-claim the Falklands from Britain, with the inevitable tragi-comic result - are the harbingers of the end of a trend, not the development or continuation of said same. Same with the Swiss yapping about selling their gold. Sure, the shrewdest financial minds on the planet are going to sell exactly what has made them that - the pillar of their strength, their gold? When it's at or near multi-year lows? Uh-huh, right. Just as a dairy farmer would sell his milk to the creamery, and then give them his cow. Always keep clearly in focus that we are in the final throes of The Great Paper Asset Mania of the Twentieth Century, soon to take its place with the Tulip Mania, the South Sea Bubble, the Mississippi Land Scheme, and other lustrous manias of history, with the same inevitable result. It's a mania; people are going to be - as it is their wont to be during a mania - stupid.