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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (9073)	9/25/1998 9:25:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Max, I'm not ready to invest in gold stocks. If we truly are going into a recession as Japan is experiencing, commodity stocks are not going to be profitable. It's worth watching and playing the gold index on days when the market is down and oil is also down, if you want to position trade. Today's hedge fund mess is a big story that has been overshadowed by the significance being placed on what the fed will do next week. What the Fed does on Tues will have the single largest effect on world markets than any other action in recent history that I can think of. It's unfortunate to see that the situation has turned this way, because I still don't believe that an interest rate reduction is going to be beneficial to our country in the long run. Sergio ps More trouble for THNK. This out after the bell: biz.yahoo.com

To: LTK007 who wrote (9073)	9/26/1998 1:39:00 PM
From: Amigo Mike	Read Replies (1) \| Respond to of 29382

Hi Max, I got the LTC info from another source ..... but glad to see the WSJ put out a story on it. You saw the numbers ..... only $600 million in capital supporting $80 Billion in assets. The article did not mention the gold play .... but the unconfirmed info I received was LTC was short 2.7+ million ounces and without the bail out may have had to liquidate most of the position and cause a major run in gold. NEM does not hedge because .... if I remember correctly .... they are the lowest cost producer and have no need to hedge. The bailout should avert any major gold run for now. Amigo Mike