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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (8648)	12/10/1997 6:57:00 PM
From: Ken Benes	Read Replies (3) \| Respond to of 10482

ole 49R: Whatever bounce gold had today, BGO missed out. Somebody was talking about botton fishing for bema, well at the moment this stock is like an anchor deeper in the sand then the Titanic. I have reworked my spreadsheet reflecting the updated information I received from you and others. It pretty much gives substance to Venesco's thesis that the above ground supply may be thinner than what the market thinks is available. If you give me your email address, I will send it to you. Just my own opinion FWIW, it looks to me like things are continuing to unravel in the Asian markets. I would not be surprised if the damage to the Asian banking systems is exponentially higher than what appears. The only people who really know are the select few who have access to those very private numbers. I say this because I have spent some time in Asia and understand the Asian mindset, and I am beginning to sense a bit of panic surfacing. One of the primary characteristics of the Asian people is maintaining face, and for this to beginning to unravel, their system must be having a lot more difficulties than appear on paper. The litany of companies beginning to experience earning problems because of the strength of the dollar and continuing crisis in Asia may begin to impact our own markets. How soon is anyones guess, but it is beginning to occur to a lot of pundits on Wall St, that there are going to be significant implacations for our markets as a result of the Asian flu. I believe at some point, one of those markets is going to be the US dollar and when the dollar begins to lose its attractiveness as a safe haven, it is only going to be a matter of time before the remaining alternatives begin to draw in some money. If ever the golden tide rises enough, it might even provide the strenght to lift bema's anchor off the bottom. Ken