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Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: Herb Duncan who wrote (1163)	4/6/1998 5:10:00 PM
From: PSkars	Read Replies (1) \| Respond to of 2346

Herb, I can't really advise you on what to do, but I will give you my observations...1) TVX follows the price of gold very closely...if you look at the 5-minute chart for gold and the 5-minute chart for TVX, you will see that they trade almost identically...so, now you have to figure out what is going to happen between now and April 17th, when these expire...will gold stay strong, or will there be a pullback...I don't know...Also, 2)there is a time premium which is working against you every day now...It will be very noticeable by next Tuesday during the last week...they will drain the premium pretty fast then. Watch it tomorrow...we should see whether gold will hold onto it's gains. Best of luck with your trade. Phil