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

To: hutchi who wrote (1775)	12/9/1997 7:39:00 PM
From: Gene Veinotte	Respond to of 4718

From what I understand some of the Asians did some hedging by dumping their currency and purchasing gold. How much and how many, who really knows. They were the smart ones, for sure. How many of them that actually own a gold mine is debateable. However, this has done nothing for the price of gold. It continues to go down and many mines will become unprofitable and therefore close. If gold stays even at the current level, many current valuations for gold stocks will seem atmospheric in a short while. It does not look good. Contrarians are buying gold/gold stocks as we speak. And so the dilemna of the small investor continues. Do we buy now or wait for some sort of recovery? Perhaps we are looking at the buy of the century. Perhaps not, just yet. Will there be a recovery this Dec. or will the slide in gold continue. Will the juniors rally this month, or won't they. No easy answers here. I have misplaced my crystall ball. Good luck to you. Gene

To: hutchi who wrote (1775)	12/9/1997 7:39:00 PM
From: Keith Utz	Read Replies (1) \| Respond to of 4718

Hutchi, you have a good point..however those individuals in Thailand would have been even better off if they had held US treasure bills. Unfortunately thats the real world that most of us on this thread live in. Eventually the tide will turn and gold will rise against the US dollar..but when, and can we hold out to see the day when jr. golds will once again increase 300% to 600% in a year which was the case in 1996. We should have a bounce in late December and January. After that we will see.... Keith