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

To: Hawkmoon who wrote (26588)	1/20/1999 9:55:00 PM
From: Gord Bolton	Respond to of 116764

Intermediate gold producer, profitable, growing reserves, Canadian mines. RBC Dominion Securities--Strong buy--check the thread. tscn.com

To: Hawkmoon who wrote (26588)	1/20/1999 9:59:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 116764

Ron, You are an economist. I am a graduate of a cooking and bartending school and worse, played football. How much sense could I have? I am only a fierce spirit and your point about "psychology" and what people think is my strongest advocacy for BUYING GOLD NOW. Historically, the smart money faded central bank activity. Always. Only recently has it been a fashion to go with them, a la the gold trade. I suspect trend is about to re-establish itself. Too late now to go into this, but central banker thinking WILL GO FROM THE PENTHOUSE TO THE OUTHOUSE. Probably soon. Thinking about gold will do the reverse. I am prejudiced about juniors. There are great ones, I think, but all dependent on a precious metals price rise except for one. My gem of gems. ECU Gold Mining on the Montreal Exchange ( ECU ). Produces silver at cash costs of $2 to $3 ( while its own costs go down as the peso devalues ). I expect a cash flow of $1 million per month minimum by the end of year, if the price of silver stays flat. And of course I think the price of silver will double. If you want to know more about this company, the man to talk to is Blake Joyner at First Albany Securities, at 888 879 7730. He is a great broker who put me on to this at 20 cents Cdn. It is now 30 cents Cdn. and we expect the stocks to be $1 Cdn in 3 months. Who knows from there? For fair disclosure, I have bet the " Mexican Ranch" on this one. Bon Soir " Les Miserable Murphy"

To: Hawkmoon who wrote (26588)	1/20/1999 10:31:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116764

Ron < The reason they have paid exhorbitant prices for gold in the past is based primarily on this fallacious perception that gold has more value than paper, or is somehow, more sound> With respect - paper has proved worthless on many occasions - ask the French, Germans, and Russians, and recently the South Koreans. People have a long memory. Gold has intrinsic value (as coinage it's always worth more than its face or nominal value) while paper has none - it has value as an obligation to pay but the holder has little control over the actions of the issuing government who can inflate the currency at will and decrease its worth. this surely is the whole point? BTW don't avoid the juniors - I've been finding some of them to be very profitable in this market. ARP did a lot to start this mini surge. dd

To: Hawkmoon who wrote (26588)	1/20/1999 10:56:00 PM
From: jgibbs	Respond to of 116764

Ron, Re currencies: Bill Fleckenstein (see below) in his column today recommends an article by Jim Grant in the latest Grant's Interest Rate Observer. Though I haven't seen the article yet, Grant usually writes provocative and insightful stuff, IMO. I'm looking forward to reading it when, and if, I can locate a copy. Thought you might be interested. JimG <<Finally, I'd like to suggest that people try to get a copy of the most recent issue of Grant's Interest Rate Observer. There's a terrific article called "Currency Revolution," which discusses the prospects of the dollar's status as reserve currency.>>