To:Bearcatbob who wrote (226) From: long-gone Sunday, Jul 6, 1997 10:22 AM Respond to of 80032
Bob, excese me if I jump in, As tight as they are running the economy, & as tight as supply is,this thing could turn on a dime. If the MAX upside for the Dow was 7000 then 7400 then 7600 now 8000 or even 100000... What does this say the views of any analyst. I think $1200 - oz (US)gold is possible. The winners are often those who say "BUY" when the afraid say "SELL"! Good Luck
To:John Barendrecht who wrote (218) From: Randall E. Brubaker Sunday, Jul 6, 1997 11:30 AM Respond to of 80032
John: So in Taiwan they still believe in buy low, sell high. How quaint :-}
To:long-gone who wrote (186) From: Richnorth Sunday, Jul 6, 1997 12:08 PM Respond to of 80032
To All:- Richard, right on!!!
Adrian Day's Investment Analyst 1217 St. Paul St., Baltimore, Md. 21202
JULY ~ John Templeton advises buying at the point of ``maximum pessimism.'' Baron de Rothschild said to buy ``when blood is running in the streets.'' Many investors must feel these investing greats were describing junior gold stocks. Against the background of a soft gold market and, in many cases, unrealistic stock prices, the Bre-X fraud has taken a severe toll on the market. Gold funds are being hit with massive redemptions daily and have no choice but to liquidate. Individual investors, seeing former highflyers down, are dumping before they collapse more. Now the summer, always a quiet period for buying in this sector, has arrived early and with a vengeance. It's not a pretty picture.
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