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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Bruce McGaughey who wrote (3477)	1/17/1998 8:58:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Bruce, I had my head handed to me this year believing gold was ready to run. I gave away 2/3 of my "screw around" portfolio to precious metals (jrs. and majors, not desert dirt's). That causes a little soul searching and thinking. The psychology for gold is awful with central bank dumping being able to supply gold for the next 10 years. While the investment idea is excellent, the timing is wrong IMO. I expect gold to hit $250 before it sees $350. No need to rush. I also believe that the silver run was another manipulation. Last week's news seems to support that thinking. However, considering my brilliant thinking in metals investing last year, my expectation should be an excellent inverse indicator. Buy! <VBG>