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

To: Jalarmi Anderson who wrote (148)	7/9/1998 4:52:00 PM
From: the Chief	Read Replies (1) \| Respond to of 1996

(IMHO) In a word. No! the reason is that any large excursions seem to be downward on large volume and the recoveries are on very low volume. Once the stock "matures" (drill results/ money from BC Gov) then the excursions will be more balanced. Secondly commoditites are in a "bear" market and are subject to price swings due to LME inventories and "perceived or lack of it" demands from the now struggling nations.Take a look at HPC Hyal Pharma, large volumes both ways, large price , non-commodity based stock. If you are buying base metals at this point you should look at this as a 'medium term hall'. The general belief is Japan and a couple other Asian countries will be in recovery by early 99. If that were to occur, then pre-recovery demand for base metals will start to show by end 98, this in turn will cause the price to slowly rise as the inventories are slowly depleted. I think we will get our results in August(mid) and BC Gov lawsuit September until then this is an accumulate IMHO. Note** Do your own DD and invest at your own risk the Chief