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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks! -- Ignore unavailable to you. Want to Upgrade?

To: Kaiser Soza who wrote (867)	4/7/1998 12:53:00 AM
From: The Lone Ranger	Respond to of 1348

04/06/98 - 15 Trades for UKH Ex Time Price Change Volume Buyer Seller Marks T Apr 6 15:57 0.82 -0.05 1500 007 Green Line 009 Nesbitt K T Apr 6 15:31 0.85 -0.02 1500 002 DS 063 Levesque Beaubie K T Apr 6 15:27 0.85 -0.02 3000 002 DS 063 Levesque Beaubie K T Apr 6 15:27 0.85 -0.02 1000 002 DS 018 Georgia Pacific K T Apr 6 15:27 0.84 -0.03 500 002 DS 009 Nesbitt K T Apr 6 15:17 0.82 -0.05 1000 007 Green Line 039 Midland K T Apr 6 14:57 0.81 -0.06 5000 007 Green Line 018 Georgia Pacific K T Apr 6 13:43 0.81 -0.06 2500 007 Green Line 085 ScotiaMcLeod K T Apr 6 13:11 0.82 -0.05 4000 007 Green Line 039 Midland K T Apr 6 12:35 0.82 -0.05 1000 007 Green Line 002 DS K T Apr 6 12:03 0.83 -0.04 5000 007 Green Line 039 Midland K T Apr 6 11:59 0.83 -0.04 5000 007 Green Line 039 Midland K T Apr 6 09:37 0.85 -0.02 4000 033 Canaccord 018 Georgia Pacific K T Apr 6 09:31 0.88 0.01 400 085 ScotiaMcLeod 094 094 EC T Apr 6 09:31 0.88 0.01 500 085 ScotiaMcLeod 063 Levesque Beaubie KL

To: Kaiser Soza who wrote (867)	4/7/1998 9:41:00 PM
From: The Lone Ranger	Respond to of 1348

04/07/98 - 12 Trades for UKH Ex Time Price Change Volume Buyer Seller Marks T Apr 7 15:59 0.79 -0.03 500 007 Green Line 036 Latimer K T Apr 7 15:59 0.79 -0.03 1500 007 Green Line 036 Latimer K T Apr 7 14:29 0.79 -0.03 500 007 Green Line 063 Levesque Beaubie K T Apr 7 14:28 0.80 -0.02 4500 033 Canaccord 063 Levesque Beaubie K T Apr 7 13:38 0.83 0.01 2000 009 Nesbitt 007 Green Line K T Apr 7 13:12 0.80 -0.02 100 094 094 039 Midland EC T Apr 7 13:12 0.80 -0.02 5500 033 Canaccord 039 Midland K T Apr 7 13:12 0.80 -0.02 2000 059 PI 039 Midland K T Apr 7 10:48 0.83 0.01 1000 085 ScotiaMcLeod 007 Green Line K T Apr 7 10:15 0.80 -0.02 250 094 094 009 Nesbitt EC T Apr 7 10:15 0.80 -0.02 3000 059 PI 009 Nesbitt K T Apr 7 10:15 0.81 -0.01 2000 007 Green Line 009 Nesbitt KL USAGOLD's DAILY MARKET REPORT/For Current Quotes Call 1-800-869-5115 4/7/98 CURRENT CHANGE GOLD 308.00 - 1.00 SILVER 6.41 + .03 PLATINUM 411.00 nc LBMA CLEARING TURNOVER (DAILY AVG) 37.0 MIL OZS. (2/98) - .5 MIL (mo/mo) COMEX GOLD STOCKS 719,786 nc MARKET UPDATE (4/7/98) AM---- Gold weakened a little in early trading. The yellow seems to be catching its breath after the recent run-ups through overhead resistance. It appears to be gathering strength for the next surge upward. There is not enough in the way of organized selling at this juncture to sway us from our view that gold is headed in the direction of $340 to $360 -- in line with French and Italian valuation of its gold reserves. Simultaneously, there seems to be strong short covering on any dips. Reports of a "brick wall" of producer selling at $310 appear to be greatly exaggerated especially in light of the European Union's determination to make gold from 15% to 30% of its total reserves. Our sources tell us that if there is to be any producer selling it will be small and in line with near-term production. It is going to be difficult to find the physical gold to forward in London with the central banks essentially out of the lending business. Producers will be relegated to selling near-term out-of-the ground production instead of the more substantial long-term financing/hedging packages available to them in the recent past. This will likely reduce substantially the amount of gold coming from the mine sector. Though, as we have said, we expect the road higher to be a bumpy one -- we think the trend has decidedly changed to an up-trend. Yesterday we heard through the grapevine that Morgan Stanley, formerly a gold short-seller, has issued a buy signal on gold to its clientele. This reversal takes one more player from the short side of the ledger to the long. Recently First Boston also signaled that gold might be bottoming when it issued a strong buy recommendation on Newmont. Yesterday we reported that Merrill Lynch's Ted Arnold had stated through Reuters that Warren Buffett had sold one-third of his silver position. We cautioned that Arnold has a strong bias since his firm is short silver and was the party behind the suit against Phibro attempting to stop their representation of Buffett in his purchases. Today Reuters backs off from Arnold's statement as fact, removes his name from the story, and now reports Arnold's allegations as rumor published by Merrill Lynch two weeks ago. One would think that an organization like Reuters would do a better job of checking its sources before publication. The bias of Ted Arnold is well known. If you have an interest in getting the story on gold untainted by mainstream media bias (and if you like these reports), you would probably benefit from our newsletter, News & Views. Go to the ORDER FORM button below and go through the requisite motions. If you want an in-depth look at what may be the dominant driving force behind the current rally in gold, the book, "IN THE FOOTSTEPS OF GIANTS," ($25) tells an interesting and timely story neglected by the mainstream media. If you want an primary education on gold, you might benefit from the book, THE ABCs of GOLD INVESTING. ($14.95) Call Marie at 1-800-869-5115 to order.

To: Kaiser Soza who wrote (867)	4/13/1998 5:08:00 PM
From: The Lone Ranger	Read Replies (1) \| Respond to of 1348

Hello Kaiser. Here's something more on Freeman's report: "Despite the planned opening of some very large mines over the next four years, demand (based on a constant $6.00 an ounce price) will continue to grow fast enough to keep the shortage at around 100 million ounces per year," Felix Freeman, an analyst with Scotia Capital Markets in Toronto said in a report. "Note that the deficit is almost equal to Indian demand, so in theory India could cease buying altogether and still leave the market in quite good shape." "Extremely high price volatility will continue while inventories remain tight and funds dominate the market, which we expect to be for at least the next three years unless very high prices bring Indian dishoarding to flood the market," he said.