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

To: Ronald P. Margraf Sr. who wrote (4475)	12/19/1997 1:35:00 AM
From: Jim Ilchyshn	Respond to of 116832

Ron, Don't like Indo stocks right now even though they may be cheap. Still the Bre-x cloud hanging over them so I would stick to quality North America stocks for the first big move, (Producing ones) Franco, Euro, Barrick, and for more volatility, Eldorado and Royal Oak. South African golds are probably not a bad bet but more risk than local shares right now. Not sure about diamonds as they are more of a commodity than a safe haven but still have hard value. My broker thought that once silver broke the $6.00 barrier and closed there, it was clear up to $8.00. I will be out before then but have some good profits locked in with stops. Man, this Asian stuff is scary, (especially Japan). Have bought the physical stuff just for peace of mind. Still have visions of the old Japanese lady who had her house wiped out in the earthquake several years ago, but was not financially devastated because she was holding on to a bar of gold. That is the asian mentality. There may be a lot of paper gold trading these days but the physical stuff ain't as easy to come by as it would seem. I tried to buy some gold eagles a couple of weeks ago in Canada and had to stick with the Maple Leafs as I believe that shipments of the U.S. gold were not that easy to get. - Jim P.S. Sorry for mentioning specific stocks.