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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: Mike who wrote (1766)	12/7/1997 1:48:00 PM
From: Anthony Phillips	Respond to of 4718

I know the company monitors the brokerage activity daily.I understand that they have called the main Bay St.houses and have the impression that the great bulk of high volume T.L. selling is over.There may well be more to come but the impression is that it wont be huge.I also believe that if you want to get back in after a tax loss sale there has to be an interval of 3 weeks between the sale and the buyback to qualify under Canadian Tax law for an allowable deduction.If this is the case any sellers in the next two weeks would have to wait until New Year to get back in thus missing the possibility of a year end rally. The thing that should concern us all is the p.o.g.I understand that the Indian wedding season and the Chinese New Year are imminent;this surprisingly accounts for I believe around 15% of Gold trades annually as these countries culturally value gold highly irregardless of market conditions. Good luck to all.