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Gold/Mining/Energy : Lyon Lake Mines Ltd -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (448)	11/10/1998 10:49:00 AM
From: go4it	Read Replies (1) \| Respond to of 520

Claude, Based on your experience. Assuming an XAU of 35, what would you expect that to mean to companies like LLL and what would an expected price of majors like PDG and ABX look like.

To: Claude Cormier who wrote (448)	11/10/1998 10:21:00 PM
From: TrueScouse	Read Replies (1) \| Respond to of 520

Claude: Thanks for your comments -- although I would prefer not to think about the EWT scenario! If I was being the true technician, I would simply follow the trend and sell short if gold goes to new lows. But when you're trading gold stocks it's not that easy :^( The main problem I have with Elliot Wave is that it's main practitioners (Prechter et al) made a great call in catching the crash of October 87, but then they were consistently wrong for the next 10 years and their followers missed out on a bonanza in the equities markets. But I agree that they have done very well in the pm market in the last 2 or 3 years. So I'll probably wait and hope that some of my lemons survive and that others become 10 baggers and help recoup the losses of the last 18 months. Maybe LLL will be one of them -- but only if the POG makes a big move up -- at least $50 as you say. Regards, Howy

To: Claude Cormier who wrote (448)	11/11/1998 8:54:00 AM
From: Ceedee	Read Replies (2) \| Respond to of 520

Hi Claude,as for TA on the XAU,lots of analyst say differently as the XAU going down to 35.They see the bottom now.As for EWT(short term update)they see gold rising at 323 in the next future and above that in 1999...About Crucitas,why did Placer Dome got rid of this property,i've heard of environment consequences and possibly a National Park story involved...Only rumors...Normally Lyon Lake would have jump quite higher.Any company putting their hands on 2.2 mill. ounces would skyrocket...