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

To: Ed Pakstas who wrote (70)	12/6/1997 4:56:00 AM
From: Goldbug23	Respond to of 97

Ed, as you obviously know The Trend is Your Friend and the gold trend sure aint up. Trying to pick bottoms seldom pays off, at least for a long time. Gold mines are closing fast and cutting back in So. Africa at the moment. Big mergers are taking place there also. The big fish eating the little fish. That may well start in ernest in No. Amer. where retrenching has also started in ernest. If I were going to start nibbling on golds at this time I sure would stick with the big boys. Smart money will wait for a trend reversal. Real estate is also picking up here in So. Cal (I happen to live in the famous Orange County of Bankruptcy fame.) Best, Jim

To: Ed Pakstas who wrote (70)	12/12/1997 4:27:00 AM
From: Goldbug23	Read Replies (1) \| Respond to of 97

Ed, a good argument can be made that it is deflation we face rather than inflation. The Far East crisis (played down by the press of course) could blow the world financial system to bits if it continues. At the moment Korea is down 7%, Indo down 8%, per Bloomberg. The beat goes on. This sort of thing has to impact the world financial system. Maybe it is time to batten down the hatches? Lord Rees-Mogg says historically deflation has been better to gold than inflation - in his book of 1994, The Great Reckoning: Protect Yourself in the Coming Depression.