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

To: PaulM who wrote (9003)	3/29/1998 12:16:00 PM
From: Terry Rose	Read Replies (2) \| Respond to of 116762

Paul, The article you posted states that gold stocks are not for the meek and mild. I guess what the author is saying is that I should be investing in the Dow or S&P 500 companies along with the other sheep. Funny how he neglected to recommend selling into strength the large caps. The article did mention Italy's suggestion of carrying 30% gold reserves in the EMU. The next 2-3 months before official word on EMU gold reserve asset allocation should be a classic buy the rumor sell the fact opportunity. George Cole and others have an intermediate goal of 350 on the price of gold. This would be a 50% retracement of POG from 1996 high 420 and 1998 low of 278. I plan to reevaluate my gold asset allocation at that level. I have added new money to my gold position (South African marginal gold mining) since the Italy announcement. Terry,