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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (636)	10/2/1998 4:13:00 PM
From: trilobyte	Respond to of 4467

Keith , did you watch CM .. ?? nice run in a last hour $ 1.40 between 3 an 4 pm ... tlb

To: keith massey who wrote (636)	10/2/1998 6:22:00 PM
From: Wizzer	Respond to of 4467

Keith, in my opinion, there is a benchmark of around $310-$320 POG where all the junior speculative mining stocks spring to life. Many plays become feasible when this range is met, and above this range even decent results will get the stock moving. Most of the juniors these days are hanging on for dear life now, hoping for a better future. IMO, late 1998 and all of 1999 will be a make or break for gold. I feel that 1999 especially will see some serious movement upwards in gold. One would think that since most of the seniors are hedged years in advance, that the POG wouldn't affect them that much, but they are as volatile as ever. Enjoy the ride, and as always, make lots of money.

To: keith massey who wrote (636)	10/2/1998 6:38:00 PM
From: kitkat	Respond to of 4467

Yup, the large players have stayed out of it so far. They haven't contributed much to selling either. The stocks I mentioned dropped through small volume. As we saw from the LTCM scandal, the big boys can screw up big time. Good thing the taxpayer is there to bail them out. And now for the obligatory plug... It's getting more obvious every day that paper currency and markets are in their death spiral. G7 and IMF measures will not succeed unless they adopt a uniform currency. Gold will force the players to become honest. Hyperinflation may have to set in first before this happens.

To: keith massey who wrote (636)	10/2/1998 7:39:00 PM
From: the Chief	Read Replies (2) \| Respond to of 4467

Contrarian opinion! I have watched this turn-around of gold with "suspicion", In fact if you remember a couple of weeks ago I was predicting an end to the rally. I am starting to surmise that we are probably on the edge of a global economic recession. The only wild card holding up this "stack of cards" is the US economy. Not unlike an old man who you load with ever increasing weights, he will eventually buckle. Based on that assumption it is logical to see perceived "overbought" conditions occur! When people move large masses of money out of equitites and then watch currencies skampering to and fro, they flock back to gold! This in turn will proliferate central bank "hoarding again, and the process will become self-fullfilling. That is $400 oz gold! There is a continuing "compounding" oscillation of uncertainty out there, at the moment! We can now look at 2 opportunities; 1) ride the wave of heavy buying with large price swings (daytrader heaven) 2) start positioning your mid-term/long-term portfolio with some mid-cap gold producers! Mid cap gold producers are not responding as well as PDG/ABX/NEM they appear to be "fairly valued"! Couple the existing shareprice of the big three with poor to undervalued mid-caps and you have "hostile takeover" opportunities. The last thing to consider is that the ensuing currency crisis will alleviate the whipsaw effects of central bank selling announcements in the future! Just another one of my bird-brain opinions! <ggg> the Chief