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Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: Al Cern who wrote (633)	1/8/1998 6:50:00 PM
From: Thomas P. Talbot	Read Replies (1) \| Respond to of 1706

Talked to the company today and they said that they could survive for a long period at current prices. Albeit the profitability would be tough. The issue is to survive as the currency turmoil will eventually reach the dollar which will be beneficial to gold. Weakness in the Dow is a good sign. The Death of Gold stuff(they sounded frantic on Bloomberg today) is sounding like the death of equities stuff in 1981-82. Maybe more down side in gold but not alot of downside in time (which is really more important). IMHO.