Replies to post #257 on PHLX Gold/Silver Sector (XAU)

[long-gone]

To:carpe diem who wrote (304)
From: Ted Gregg Tuesday, Jul 8, 1997 6:16 PM
Respond to of 80033

Took a gamble on Invesco Strategic Gold today @ $3.67, which was at its lowest price in over 5 years.
Good luck to us all, Ted

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1723131

To:Ted Gregg who wrote (320)
From: John Barendrecht Tuesday, Jul 8, 1997 7:25 PM
Respond to of 80033

RESEARCH ALERT - Morgan Stanley cuts 3 gold stocks
NEW YORK, July 8 (Reuter) - Morgan Stanley said Tuesday it downgraded shares in three gold mining companies.
(a) Cut Newmont Mining Corp (NEM), TVX Gold Inc (TVX.TO) (TVX) and Prime Resources Group Inc (PRU.TO) to outperform from strong buy.
(b) On Monday, the price of gold fell to its lowest level since 1985.
(c) Newmont Mining shares closed Monday at 35-7/16 and NYSE-listed shares in TVX closed at 4-5/8. Prime Resources closed at C$9.40 on the Toronto Stock Exchange.