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To: Peter V who wrote (3602)	10/1/1998 6:49:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 14427

in % terms, ASA has seen a bigger bounce form the bottom if I recall correctly? Don't compare daily point moves to try and decide who's best. ASA's largest position is AU, it makes up around 25% of the portfolio so actually, you do own it (G) I think NEM has seen the largest move out of all the golds. Keep in my mind, I like the US golds fine, but I think L-T S. Africa is the place to be. I see US corp tax rates rising in the future which will hurt US golds. Also, the S. African golds are valued currently at a discount to the US golds on an earnings multiple basis. Consequently, the S. African gold's dividends are better. AU, GLDFY and ASA are my favorites. -Lucretius BTW- die DELL die (GGG)

To: Peter V who wrote (3602)	10/1/1998 7:45:00 PM
From: Thean	Respond to of 14427

Pete, a piece of the XMIT BS puzzle is solved! I have a limit short order at 18 7/16 open whole day and that WAS the reason why the spread is so wide. Did I get fill? Not a chance. There was no uptick to trigger my short order and the MM knew it. Therefore, in the future if we see a big spread with the ask not moving for a long time we know there is someone wanting to short at the ask price. BTW, 18 1/2 is a short term intraday resistence and that was why I chose the 18 7/16 limit short price. With the action today this resistence technical was fulfilled! I'm going to try this tomorrow, I would again set a short limit at 18 7/16 but I will also have another short limit order at 18 3/8. If someone is desperate enough to buy "at the market" at the ask of 18 7/16, the uptick rule would be satisfied and the MM's may just let me have a fill. We shall see if this works for the evil stock. I see drugs are giving ground and there are still many drug stocks near their all time highs. If Brazil election goes as expected this weekend and the current president wins, we may have a big relief rally on Monday. If DOW tests and receive support tomorrow above 7400, then Monday relief rally may become real and we can reverse up to the upper range of the current trading band with talks of more Fed cuts. If DOW closes below 7400, a positive Brazilian election outcome may not salvage enough. I think 7400 will hold and a short term bottom is likely tomorrow. Gold broke through $300 and that is ground enough to continue holding on to the gold stocks. Will let it ride for a while. Anyone shorted my short candidate VSVR today? Down more than 10%! INTV - closed at critical support level. Surprised no follow through selling towards the close. OSX stocks - good trading shorts again. AFS - $59 was a trading support and it held today. But it can move to the upside very strongly if the market turns positive. I sold too early again (4th times this month!) <GG>