To: Alan Whirlwind who wrote (25133 ) 12/31/1998 10:05:00 AM From: Jim Ilchyshn Respond to of 116779
A TECHNOLOGY STOCK ANALYST DISCOVERS A MAJOR UPTURN COMING FOR GOLD Excerpts from the gold Newsletter... (hopefully it hasn't been posted earlier) Jim Powell was one of the first and most successful proponents of "High tech" investments. In fact, Jim could be considered the dean of this entire investment arena, having authored the first major work on the subject,"The Dow Jones-Irwin Guide to High Tech Investing," and having recommended many of the most profitable stocks, like Intel, MCI, 3Com, Amgen, Iomega etc., when the were nearly penny stocks. by Jim Powell - "If someone had suggested to me a few months ago that I would soon be writing a bullish article about gold, I might have laughed out loud." "Before telling you why I think gold will soon begin shooting up in price, I want you to know that I am not by nature attracted to the metal. I have no political or philosophical bias that might lead me to find reasons to buy gold To me the yellow metal is simply a commodity which at first glance does not look very promising. Gold is in a severe bear market due to low inflation, the end of the Cold War, central bank selling and (until recently) a period of worldwide economic stability." "I found that a much closer look at gold tells another story. My research indicates that the factors which drove the price of gold to today's low levels will not hold it there much longer. Much more powerful forces are gathering steam which promise to trigger a new price rise that has the potential to make the 1977 to 1980 upturn look trivial." "The most important factor which will drive gold forward is the current economic crisis which began in Asia and is now spreading throughout the world. Today, gold is once again becoming the asset of choice for millions of people. As such, gold is taking a vital role in stabilizing the world's damaged economic and monetary systems. I think gold will soon have an even greater role in repairing them" There are several more pages which at the time I have no energy to type as I am fighting the flu, but hopefully this hits home with Greeny and Hutch. - Jim.