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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: The Street who wrote (3827)	9/12/1998 4:07:00 PM
From: Yellow Jacket	Respond to of 119973

OK. Since it's the weekend and gold is getting some attention, we can take up some bandwidth with some more. If you divide your 20% profit for the company by the 5% profit in physical metal it comes to 4% per 1% rise in gold, which is approximately the ratio by which a typical gold mining stock will rise as POG rises. There are, of course, some that rise more or less than that. That is what some gold bugs call "gearing". It's also why I prefer DROOY. DROOY has gone up about 10% for each 1% rise in POG in the previous rallies except, sadly, for this last one. I would have expected DROOY to have gone to 3-3¬, but it didn't. C'est la vie. Still made money on it. Since $300 wasn't broken (a bad technical sign for goldbugs), POG is going to have to clearly break $300 before I jump back in. If $300 is broken, there should be a fairly quick technical rally to $320-325.