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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?

To: Ray DeMoss who wrote (106)	3/20/1999 6:44:00 AM
From: Dan P	Read Replies (1) \| Respond to of 851

Ray: I agree with you on the Major producers. No doubt that is where the mainsteam money will go, since hardly anyone knows anything about the juniors, much less which to buy and where to buy them. In a major gold move, no doubt the majors will move substantially first. I would agree with you that getting in at these prices seems reasonable, and probably a low-risk entry point, unless you expect gold to go to $250. I don't expect that, but if you look at the charts, the XAU and POG are not far from recent lows, and a renewed deflationary wave could send them lower. Oil's recent surge is encouraging to me, in that it has been rare for gold to make a serious move without the participation of oil. It is especially interesting that oil has moved only on the prospect of decreased production. This speaks volumes to me, in that in the past, that kind of talk would have increased prices for a day or two, but not this sustained move that has happened. Cheers Dan