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Gold/Mining/Energy : Alta Gold -- Ignore unavailable to you. Want to Upgrade?

To: Francois H. Gaston who wrote (421)	1/25/1998 5:04:00 PM
From: Gary Green	Read Replies (1) \| Respond to of 749

Gold (and ALTA) may soar due to Clinton/Lewsinky scandal. I have a nightmare type vision. Although I have not read anything this weekend to support it, I fear a great drop in the stock market this week, with no short term reason for a recovery. Here is what I base my theory on. The investment professionals credit Clinton with the robust economy, and the optimism that fuels, and is needed to cause a continued investment by the middle class in stocks. Clinton is surely only a symbol. Nonetheless, his immediate preoccupation with non-governmental matters, and the probability that a sudden drop in the market this coming week due to panic, and lack of confidence will sap his base of support, causing open speculation that he will resign by Tuesday, before or during the State of the Union speech. If the market drops precipitously on Monday, the country will blame Clinton and his popularity will sink further. Because serious discussion of resignation, alone, would be evidence that a tragic event has already happened, it will shake up the investment community even more. This will motivate the pros to get out of the market as a herd to preserve their market gains of the preceding 6 years. Since no other stock market in the world is a safe harbor, I think we may see a surprising jump in gold. But the over-all up trend of investments will go into a rapid reversal. Boy do I hope I am wrong.

To: Francois H. Gaston who wrote (421)	1/26/1998 6:43:00 AM
From: Francois H. Gaston	Read Replies (1) \| Respond to of 749

Whow! Goldbugs!... wake up! we are in business today! ALTA could do very well today (up 14% for example, would fit me)... not talking about FSAGX and FDPMX... Those will add probably another 5% today. We are beating SP500 hands down, for a change. Here is what has happened and what is happening: ú Asia buys overnight its own equities because its stockmarket has been beaten up AND because the mighty dollars is no longer mighty ú Europe wobbles this morning because its one equity market is on the high side. So what do they do.. ú Europeans buy some gold and POG is going up in London, real good ! ú In Paris, Driefoutein (South African gold mine) opens 8.5% up ! ú SP futures, at this time, are suggesting a weak opening in wall street Europeans treat themselves with gold, as predicted. They remember the depression as well as the americans,... BUT they then added tons more to their losses with world war II which destroyed many of their countries. Europeans will be key here. They are possibly going to show up to their government that selling gold was not a good idea after all. Regular european citizens will start buying real gold for themselves as well. And that is the beginning. Congratulation, Mrs. Cheryl Strauss Einhorn... Your editorial in BARRONS's this weekend was right on <gggg> with your very balanced reporting<gggg>: what a shame! You prevented many to make quick bucks this week, it looks like. Next time: give us your OWN opinion and the view of goldbugs. Thank you. Good luck all. Beware to not load up too much now on the way up, because if the run is too brisk, some retraction will happen. Therefore I would load up what you are confortable with, and review your other equities, selling possibly some with limit orders rather than panic selling (they say: sell your loosers). But then again, I am new at investing. Just guessing. This gold run could be the big one,... no one knows for sure. Not me, for sure! Gaston