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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Ie Coan Bie who wrote (2620)	1/13/1998 10:49:00 AM
From: DarkKnight	Read Replies (1) \| Respond to of 4571

Press release: biz.yahoo.com Still holding on.. MerlinTG

To: Ie Coan Bie who wrote (2620)	1/13/1998 1:01:00 PM
From: Ryan Weisman	Read Replies (1) \| Respond to of 4571

Ie, of course you make valid points but I believe you are only looking at the micro-picture, which is short-term at best. (For one thing, ust think, are Asian citizens going to turn in their gold to the government?) The reason gold is becoming so important in Asia is because, in many nations such as SKorea and Indonesia, the value has DOUBLED in a month. The real key you want to be focusing on is, where is the dollar going? Is it an infallible currency, or will weakness in Asia hurt the US economy fundamentally and cause weakness in the dollar? POG will move in the opposite direction to the dollar, and the real movement in POG will be caused by central banks and not by private citizens.

To: Ie Coan Bie who wrote (2620)	1/13/1998 8:33:00 PM
From: Roebear	Read Replies (2) \| Respond to of 4571

Ie Coan Bie, While I agree that the problems of Asia will eventually find their way to the US Stock Bull Party, I do not agree that this will necessarily effect BCMD. Today we saw a small rally in POG and gold stocks. It will probably be another false start and sucker rally, just as Friday's 222point drop in the DOW, was another false alarm "buy the dips" drill. However, one of these days the drop in stocks will be for real and the bull run in gold will be for real also(not necessarily same time frame). BCMD will rise and fall, for now, more on its POTENTIAL than on any external events. Sentiment associated with the POG will have some effect, in the dreary lees of a PM bear perhaps 10% on BCMD price. But until BCMD becomes a bigger producer and is valued on bringing out an increased percentage of those "inferred reserves", it is being valued much more on its POTENTIAL to do so; therefore the effect of POG is limited as long as cost per ounce is confortably below POG. If POG gets anywhere near BCMD cost, gold will have to then explode soon anyway. All IMHO, of course. PS Got a taste of that Bear Blues Sentiment yesterday, now didn't ya<VBG>?? Roebear