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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Dundee Maples who wrote (2021)	12/5/1997 8:00:00 PM
From: Roebear	Respond to of 4571

Dundee, Jeremy, Brian, Bill. About the Price of Gold. First off, though it effects us, it will not <really> effect BCMD with their JV deal covering the expenses. until the POG goes down so low that the only other ones besides BCMD producing gold are the CB's! When production figures come out this will make BCMD look all the better as compared to other mines. I especially like to see them being frugal and getting good deals on used equipment like the <famous> shaker tables instead of splurging on new stuff right away. POG, well, this fits all the definitions of a bear market bottom. A lot of weak hands have been shook out and some strong ones too in the last month or two. Who would have expected RYO at 1, ECO at 2 1/16, and many many other gold and even silver stocks at prices I cannot find this low <ever> on charts or not for 12 years! Sentiment indicates this is a bottom and a good time to buy IF you can take the chance on sitting on your investment for awhile if need be. Capital flows, the coming EMU in europe, currency crisis are pushing up the dollar and sending money into our markets, which depresses the POG in dollar terms. This will not continue forever, capital will go elsewhere, or the devaluations will come home to the US, the dollar will drop. It is only a matter of time! They say Comex eligible inventories for gold and silver are getting near 12 year lows also. A short squeeze could develop etc etc. The time is near, the bottom is near, this is a good time to buy, the risk reward is very favorable, i.e. if a mining company has cash to get through this low point there is a lot more upside left than downside. BCMD now has the cash. With PM stocks in general MANY have capitulated, all the better: I have chosen this time to make a stand. Right or wrong, I am now comfortable staying long! Best wishes, Roebear