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

To: Jafco who wrote (5179)	2/25/1998 9:55:00 PM
From: JACK R. SMITH JR.	Read Replies (1) \| Respond to of 14226

Jafco, I have a "tin ear" also. I love voilins for the beautiful instruments that they are and my heroes are those superbly talented individuals who in the late 1700's produced the greatest instruments ever produced. They are without equal and of great value. Strangely, had you lived then, you could have bought their whole life production for a pittance in todays terms. Had there been a Templeton fund in those days, and if they had smart managers, they would have bought all the production from Mr. Stradovarius and Mr. Guernerius and perhaps some of their students and journeymen. Anybody want to run the numbers on that investment. This is truly a pointless discussion. I could tell you that I had the opportunity to invest $25,000.00 in Microsoft in 1986, and I did and I had the cash, but the point is that I did not have the precepiton to do it nor the commitment to the company. Clearly, I was wrong in that decision, as the company clerks of that era are multi millionares. Sadly, I am not. We truly need to talk about investment strategy, then tactics. I was wrong in my strategy re microsoft and therein lies the key. Be right on the strategy, and then work on the tactics. Perhaps I own GPGI for a different reason than you own it. I own GPGI as a strategic investment, not a tactical one. I am not advising anyone here. Tactically, it has been very, very poor for me. I have owned the damn thing for 14 years and am a net looser today. Investment history will tell whether I am right or wrong. This is my choice among the DD's and has been for a long time. It clearly is not something to bet the family farm on at this time and it always has been and is at this point a risky investment. The company is one that I both hate and love. I will leave it at that. My hope is that some day they will finally get their act together and vindicate my faith--bad term--never have faith in a company--my misteak--continuing, however--vindicate me in some manner for all the crap they have put me through. Current rally is a fizzle on small volume without positive news from the company, and perhaps I will get another chance to call the ultimate bottom. Lets look at other markets which were more positive for me today--Silver broke strongly to the downside and I have predicted that--even my teacher called it short. Near a bottom here, but perhaps a few more days. Watch gold for a rally from here for 3 to 7 days, then I will evaluate again. Negative palladium and have not looked at platinum. Very positive copper short term 5-7 days. Negative Canadian dollar for a few days(sorry Canadian Friends). If I were to read this, I would hear myself sounding like an expert, and most of those are wrong, and I do not want to be one of those. I will shut up for now, but you all know that I cannot keep my mouth shut! Blabbermouth, Jack!