Replies to post #209 on PHLX Gold/Silver Sector (XAU)

[long-gone]

To:Salvador Villavieja who wrote (222)
From: Bearcatbob Sunday, Jul 6, 1997 8:37 AM
Respond to of 80032

Sal, Thanks for the post. I tried to find an Asian writeup and was unable to get one that was satisfactory.
DOES ANYONE HAVE A SOUTH AFRICAN NEWSPAPER STORY ON GOLD?

BOB
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1709806

To:John Barendrecht who wrote (220)
From: Bearcatbob Sunday, Jul 6, 1997 8:44 AM
Respond to of 80032

John, As I pondered this situation yesterday it made me thing of the collapse of the oil and gas drilling industry in the US over ten years ago. Many small companies went out of business and exploration dropped sharply as indicated by the rig count. Now the market has used up the "gas bubble" and much of the surplus oil production capacity and the prices are firming.
This may be what has to happen here. The pain in South Africa could be really bad. We will see if Mandela has friends in high places now that he needs them. All the governments who brought him to freedom and power should have some interest in his success. Maybe a few central banks should step up and buy. However, what I believe we will get is the old phrase of "tough love".

Bob
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1709811

To:John Barendrecht who wrote (221)
From: Bearcatbob Sunday, Jul 6, 1997 8:46 AM
Respond to of 80032

John, Maybe they have already sold it as jewelry and did not buy for speculative gain. After all the sale took place over an extended period of time. Bob
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1709814