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

To: long-gone who wrote (80)4/6/1998 12:09:00 PM
From: Ed McGrane  Read Replies (2) | Respond to of 415
 
Richard,

Loos like a few things are starting to fall into place.

According to Reuters London Precious Metals Report on 4/6/98.

1. POG is up (to 310.60) on short coverings.

2. Looks like $320 is near term target.

3. Also driving POG was increasing role of Gold for European Currency
backing.

4. Fall of Silver, Buffet selling 1/3 of holdings, hard to call.
May have a "temporary" negative effect on POG but long term IMHO may even help.

Regards,

Ed


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