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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (8674)	2/15/1998 5:35:00 PM
From: Enigma	Read Replies (1) \| Respond to of 14627

Bill: You may be right, but this scenario has him acting like any old penny stock promoter, which he patently he is not. I read that article on the gold:eagle webb site, and he has been known to take short term positions on a few occasions, but I don't think, from what it said, that he acted in quite this way on those occasions. It could be a one off thing for him, but if he is seen to be a short term manipulator it will make market players very wary of future announcements by him. As you can see I am trying to think the best of him! Silver has been so low for so long that the recent move, of itself, isn't so surprising. Gold will have its turn too, after everyone has given up on it. That time may be near. Interesting how all the talk of central bank selling has somehow faded away. Now it is centered on how much gold the new ECB will hold in reserves. The market will have to factor in drops in mine production, mine closures, etc. It was interesting to see how some producer's (particularily marginal producers like Kinross) shares shot up when gold made its recent move. Even at this price of gold, many companies, including Kinross with some of its mines are producing at UNDER their cash cost of production. I will look at the charts of some of the South African producers, and expect to see a recent upward blip in stock prices. I think this is why the prospective situations like PFG get left behind when there is a flip in the price - because there is easy money to be made, first, with marginal producers. All the best