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Gold/Mining/Energy : FSCNY -- Ignore unavailable to you. Want to Upgrade?

To: B Hamilton who wrote (44)	12/17/1997 8:57:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 52

Hi Ham, besides Greenspan, Pat Buchannan went totally to cash/bonds in August. Derivatives have the potential to take down this whole financial system, hopefully it will hold together during the 1st correction wave down and the financial system will hold together till 2000. Look at the conditions in Korea and SEA, all caused by way too much leverage. If it happens to us who bails us out - China? Japan? not a pretty thought. We are in deeply in debt to them already and they have our politicians on their payroll. How about ABX, I made a 400% gain - Thank God - on some of my ABX Dec call options yesterday & today and I think gold's run is just beginning. There is still a lot of short covering overhead and the possibility the dollar may drop more against the yen.