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

To: stanley new who wrote (5478)	3/30/1998 9:00:00 PM
From: Chuca Marsh	Respond to of 14226

Great news, I wasn't given any news. But I had a little talk with Dennis a while befor the Gold Rush that I have been watching part one on PBS TV for the last hour. ( Was Eastern Time Here) Anyone check our the program...Part 2 ( Gold Fever ) ( Jack send Meds! But don't tell the guys at Naxos))now and they have a website: pbs.com ( & They just said there had a Gold Rush Add'l Info Section) P.S.- Dennis said nothing but I am ever hopefull, I think I will watch some news places on hot watch. I have that Pointcast but stopped using it a few crashes ago, anyone use that anymore?

To: stanley new who wrote (5478)	3/30/1998 10:36:00 PM
From: JACK R. SMITH JR.	Read Replies (2) \| Respond to of 14226

Stanley, Do not make me a hero for a small move prediction. Now for the bad news. Not really so bad. There will be no move of great moment until we hear good news from the company. It is truly up to them and I do veiew todays move as a "breath of fresh air in a fetid swamp of a bottom". We may bounce from short term top to short term bottom for a while and I would hate for this company to miss the greater move in precious metals which I feel is to come. God bless them and help them to get their stuff together and prepare for the coming move. I have been rather harsh in my comments about them lately, and that may not be fair, it is just how I feel. I mean not to offend, just in some way to express my frustration. With me, it is frequently graphic. I do not mean to demean any person in this. I truly wish to help all here. Both the investors and the company. We talked about strategy and about tactics. First the strategy. Precious metals have probably seen the low. Not to say that we will not have a downward reaction here, but long term, I think we have seen it. Larger investors also see this. The more informed on this thread also see it and are positioning for it. We need to talk among ourselves about investing in precious metals and how to do it. This is a longer term situation. If your are looking at gold producers, look at proven reserves, then probable, and look at production costs and certainly look at forward sales of future production. Lower cost producers tend to move early, all things considered. Adroit management is most important. There are folks here who could better inform you on this subject. Energies are moving almost lock-step with precious metals as are commodities. I see the same pattern in most all. This is important. I think that I am seeing a sea change here. Bear in mind that what I am discussing will not happen tomorrow and we will certainly follow a couple more convolutions in the waves here. Perhaps rather soon, though. I am looking for another upthrust in the stock market soon, then all bets are off. We might see lots of flop at the top here, but a strategic investor would be in the protective mode here. Either take profits or protect them with an offsetting put. As an example, I work 3 days a week for a very good pharmacist who is not a very good investor. I love the work that I do and I help lots of patients. He owns a considerable position in Compac Computer (CPQ). I generally do not poke my nose into other peoples business, but I felt compelled to encourage him to protect his position with a protective put at $35. I made a chart and when the stock dropped a little, I made a line on the chart and told him to sell if it dropped below the line, which was at $32. He did none of that, as his stockbroker told him it was a long term investment. Well, when it hit $25, he became concerned. I then gave him another chart and showed him the suport at $23-24. Now that it is up a little, I gave him another chart which shows minor resistance at $30 and major at $35. I know not what he will do with that, and I have learned something here. I will shut up and leave him to his own investments. It is his business, and not mine. Same here. I will give you my personal opinion and that is all that it is. Take it for that. Tactical strategy-- Short term, I see silver down(looking below 6, perhaps 5.75), gold down, perhaps bottom at $2.85 (not new low), palladium is down, but could hold here and move up, but not to new highs, platinum, perhaps a little stronger. (for chucka--copper near low). I look for the energies to move lower from here, but not to new lows. Look for support above the recent lows. As I said before, I am looking for a bottom for July heating oil at about $.44 to $44.50. That would be a definite buy point longer term. One could apply that to all the energies. Down for now, but not much, then longer term up. Longer, longer term, I have some concerns for the energies, just not now. Grains are near low. They have been very weak, but that will change in the next month. Enough of that! I will make some specific comments for my friend Mark. Just a couple. SESI--topping here--downside target $7.75-8.00. PDG--down to $12.75 tomorrow or next day. MRK--if it falls below $1.25 tomorrow, sell and wait for support at $1.17, then $1.05. Zeev--haupague down soon look for support at $8.00 and $6.50! Hope that helps, and I certainly intend to hurt none. If I am wrong, then I am just wrong. Take my comments for what they are, just my opinion, and nothing else. Opinionated, Jack!! Best to all!!