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To: Sarmad Y. Hermiz who wrote (51517)	4/19/1999 7:59:00 PM
From: GST	Respond to of 164684

Sarmad -- Look back to October -- the metals popped over their 200 ma and reversed when the fed came to the rescue. Do you think the fed will come to the rescue here? I don't think so. I think NEM has legs to a range between 40 and 60. I own SIL which I hope has legs to 50 to 80. It is simple supply/demand. Silver is in sharp supply deficit and above ground stocks are near their end. Gold will be powered by short covering and buying back forward contracts that the miners themselves have entered into -- a run to 350 will mark the first leg of this covering, but demand could take the gold much higher than that as central bank buying -- yes buying -- starts to be a factor as the cycle takes hold. Japan is awash in liquidity -- gold will rally with the Tokyo stock market. As our market tops out, other markets will beckon -- and gold will stand out as the answer for many nervous investors -- it is such a small supply and such huge demand potential. Moves on the order of several hundred percent are within reason.