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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (1047)	1/12/1998 6:14:00 PM
From: Bo Bob Brain	Read Replies (1) \| Respond to of 1911

Alan and mini metals update. Subject: Dow-Transplant " I made it to the point where it only hurts when I laugh. ...My progress has mysteriously echoed the Dow Jones. By last Tuesday morning new all time highs seemed imminent, but I was relapsing. But Thursday the Dow fell 100 points and I was taken off the respirator. Friday it dropped 220 and I left intensive care after market close. I'll have to get word to you when I'm to be discharged so you'll know when to buy your next puts, :) Al " Now something less upbeat: Todays activity in the silver market was very negative from a technical perspective. The contract filled its upside gap from a month ago and moved below the $5.48 support level. Once we got through that level we saw alot of selling coming into the market. Any short term rallies would be selling opportunities. Gold was also lower on the day, platinum market was steady because of supply concerns out of Russia, which is a short term situation that could set up some selling opportunities. Feb gold down .20 to $278.90. March Silver down .163 at $5.475. April platinum unchanged at $361.something. Was looking to jump into some mining issues, but cancelled orders- precious metals look terrible now, could test $260 gold this month.