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To: Zeev Hed who wrote (13378)	1/24/1998 10:28:00 AM
From: bobby beara	Respond to of 18056

Hi Zeev, agree that we probably would retest 280 again. The was recently a published story "Death of Gold". I see the final sell-off from October high as a pretty dramatic panic sell-off, with even the Central Bankers unloading. This seems to me pretty strong capitulation and gloom. BWDIK Barrick has announced share buybacks to support price, has been upgraded and has hedge contracts for two years, so for buy and holders it's a pretty safe bet. >>>particularly closing of inefficient mines and bankrupcy of the weakest<<< could we make a case for a bottom being in place for Japan with this kind sentiment? (just replace Gold Mines with Fiat Digital Money Changers -g-) I don't think Japan goes the way of Korea bwdik