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To: IQBAL LATIF who wrote (16358)	1/14/1998 4:28:00 AM
From: steve susko	Respond to of 50167

I saw a report on nitely business report that cost of refining Gold for most of Nevada mining companies is about 240 and ounce. Gold could drop to 250 the most in my opinion. From 250/ounce, it should be a not risk trade to buy Gold or shares like Barrick gold. Its impact on the general market, I afraid I agree with you that, it has practically no more impact on the equity market.

To: IQBAL LATIF who wrote (16358)	1/14/1998 10:31:00 AM
From: Al Serrao	Read Replies (2) \| Respond to of 50167

Uncle, didn't Gold go down this past year and didn't interest rates follow on the long bond? Gold told us all along. Now if Gold is making a bottom than it would follow that bonds are peaking. Now here we sit with Asia falling apart, the question to ask is, What are the central banks doing around the world including the U.S.? They have to be printing paper like mad. If I'm right, Gold will make a move within three months, and if so the long bond would be the short. Now Uncle, what would be the option to play in such an event? Regards and stay well.