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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Don S.Boller who wrote (10972)	12/5/1997 7:11:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Don, Peter Lynch was talking about buying ABX and PDG a couple of months ago - he's no slouch. Aren't some of these companies selling for book value or less??? Graham and Dodd wouldn't definately approve. Gold is not going out of fashion like hula-hoops. Soros probably started that talk so he could accumulate. They are selling-off ABX because POG is down, but ABX has contracts to sell gold for $420 for the next three years. Irrational selling Gold - Irrational buying Dow 8000 - Steal of the Century -YUCK! I smell the reversal is near, weeks or a few months. Buy and sit on that grubstake and don't worry if it drops a little. Don't we all wish we would have just bought and held when Peter Lynch first started talking about it. Bob