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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (25134)	12/31/1998 11:36:00 AM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 116782

Bobby, up until now I viewed Hutch's comments as for the most part sophisticated and well thought out. However, this statement about piling in on gold puts should the POG advance $100 seems to reflect the same brand of fanaticism the fellow would color others on this thread as displaying. Surely a $100 rise in the POG would see US equities in hastened retreat. It would likely attract safe haven money rather than repel it because of a run-up. A new trend would be apparent, not a dead rabbit bounce to the old trend. Perhaps he meant a $10 rise should be put against. As long as gold stays in its box, he would have some safety in saying such. A $15 rise in the POG could perchance be a false move. $100 rise? No. I certainly believe bottom fishing/dollar cost averaging mining stocks over the last year to be a potential payback affair. Obviously When a stock like Dayton goes from $8 a couple or three years ago to .18 just recently, the bottom can't be far off if not in already. Much of my investment $$$ is being placed in Kennedy 40% silver halves at approx. $5 silver or lower. My downside is only 33%. In real terms only ten or fifteen percent, since silver is unlikely to fall below $4 an oz. My upside is much higher. Sure, metals have fallen to hard times as of late. But the world is reflating and the tide does tend to pull back ahead of the tidal wave.