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To: Crimson Ghost who wrote (15240)8/3/1998 8:51:00 PM
From: Gabriela Neri  Read Replies (1) | Respond to of 116762
 
George,

You are preaching to the converted. I agree. We will know it when we see it. And, as of yet, I aint seen it. Who knows where the bottom is. Maybe the POG must go to its average North American cost of production (that would be quite a bit lower, I suspect). But, before any bear market of this kind of duration ends, we should see a panicky decline with all the hallmarks of capitulation and fear. And, it appears we are heading that way now. Question is, how low do we go? Something has got to give.