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

To: Richard Mazzarella who wrote (3479)	1/17/1998 11:12:00 AM
From: Bruce McGaughey	Read Replies (1) \| Respond to of 11603

I just read Dine's letter of 1-7-98 on "Gold Eagle": gold-eagle.com Pretty scary stuff. I used to read Prechter back in the eighties. He completely missed the run-up in the last ten years, but he was just as gloomy, too. I ask myself this question: If I wanted to sell newsletters, how could I sell the most ?? Predicting prosperity ot predicting the end of the world ?? I think these fellows have very valid points and I do think that when the end comes, it will be very quick and ugly. In 1929, there weren't 200,000,000 guns in the U.S. and there weren't organized inner-city gangs, either. But. I do have a lot of faith in the guys running the monetary system in the world. I feel they'll find a way to rescue the Far East. The elections in the U.S. are approaching. I figure that people like Steve Forbes will bring the gold-standard issue back to the table. But, will the press cover that issue ?? Hard to fit all of that into 10 second sound-bites. And, how long can Alan Greenspan hold power ?? He's an older man. Rubin will be next in line, if he chooses to serve. What happens if Greenspan has another heart attack ?? Hate to think about that. At any rate, all I know is that nothing makes you more money quicker than a rally in gold stocks. We're so far down now, we have to bounce a little bit. ......And maybe this is the beginning of a much bigger intermediate move. Who knows. You just have to be in gold stocks when they're moving up and out when they're moving down. They've moved up very nicely in the last week.