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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Walsh who wrote (5051)	2/10/1998 8:53:00 PM
From: JACK R. SMITH JR.	Respond to of 14226

Bob, Thanks, that is good news for a company which has good reserves of both. In fact, you pick the PGM, and GPGI has it, even some of the more unknown ones such as Ir,Os,Ru, according to Michael Thomas, if you lend him any credibility, and I do. Palladium is a cheaper alternative to Platinum and is more abundant. All of these metals have very unique properties and all will come into their own right in the future because of these. We are just not presently smart enough or informed enough to tell what the ultimate uses and values will be. Admittedly, I am looking very far out, but perhaps not so far that those here will not see it. The chart today looks good as the 50 day moving average was penetrated on the upside and there appears to be increasing accumulation on increased volume. I am making no predictions here as this is an intermediate thing. I can tell you almost certainly the direction of the stock from day to day, but we are still in the downtrend here and if we break through the trend, I will be the first to tell you. I am certainly heartened by strength on volume expansion. Since there are no shorts in this stock, the picture is greatly simplified. What I am predicting here is a rise to the 1.70-1.80 area, then a pullback to support levels. Perhaps the rise could be only to the 1.60 area, but the general situation looks much better to me and any positive news from the company could drastically change the picture. Keep up the good work I certainly appreciate it, Jack