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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1181)	6/20/1998 7:20:00 AM
From: Gabriela Neri	Read Replies (1) \| Respond to of 1911

With yesterdays glaring divergence between the POG and the stock price, I dont disagree that this rally most likely will not have legs. In fact, it may have been the worst thing which the metal could have done. When this rally completes itself , we may be going down real hard. So, at the moment, I am quite skeptical about the POG due to yesterdays grand divergence and obvious short covering panic. That removes much of the fodder to sustain strength. Warren Buffet(a guy about which I am sure you will have a lot to say)bys General Re, which is in essence like buying a bucket full of bonds. Hmmm. Wonder what he is thinking? Realistically, far east problems are a long term workout of a very sick situation. All those years of credit financed unprofitable overproduction will not disappear too easily. The Asian crisis has some of the hallmarks of the Latin American Debt crisis in the 80's. Where is our James Brady to restructure all the private defunct debt? It aint happening too fast. Those cheap mining companies. I agree. They are throwing them away. And I own a very cheap one and getting cheaper(diamond play). Either you hang in there or get out and buy back in when it turns. Elaborate on your thoughts about the timing on the POG. Are you referring to gaps in a derivative oscillator?