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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: GlobalMarine who wrote (6789)	7/18/1998 10:20:00 PM
From: JACK R. SMITH JR.	Read Replies (2) \| Respond to of 14226

Rand, Please, understand that I have absolutely no problem with the current approach. It makes very good sense here as you adroitly point out. I simply point to future possibilities. I personally think that the next improvement will come through pretreatment of the initial leachate and processing that through the resin columns, but please do not jump on me, that is another "forward looking statement". Just another future possibility, if you will. I also think that the stock is a screaming "buy here"! That is my opinion, and it may retrace a little further here, but I do not think that we will see these levels ever again. The stock suffers from the DD environment, and from the whole environment of mining stocks in general. Royal Oak Mines can be bought for less than GPGI. PDG is also very low here. The whole industry is very depressed. Are there values to be found here--Absolutely! My advice here (take it or leave it) is to move your assets quickly and certainly away from securities, and particularly any recent "high flyers" and into "select bonds", ala "The Wizard of Omaha". He is heavy into "Zero Cupon Us Treasuries", and "silver". If this does not give you a "heads up", then perhaps nothing will. What he is betting on is a falling stock market and "disinflation". Interest rates drop and bonds go up, period! By all means, get yourself out of debt as quickly as possible. If you have no debt, then sit back and relax. The asia meltdown is certainly not over, but Sir John Templeton thinks that there are some values in certain asian markets that have truly been beaten to the bottom. I think that select Korean investments may fall into that category. China, I will not even talk about it, but it represents a force to be reconed with and the largest potential consumer in the world. Analysis of that giant is above me. If you think in terms of the USA, you need to change the way you think. It is a global world and we are certainly closely tied. World consumption of our goods has great impact on us. Well, I am, as usual, rambling and I will cease here! Rambling, Jack!