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                    PGOLD XPRESS UPDATE 001
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>"I get the facts...I study them patiently...I apply imagination."
   -- Bernard Baruch (1870-1965),
      legendary financier and adviser to U.S. presidents
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January 6, 1999


This is the first "irregular" update of PGX since terminating its
regular publication schedule.  The PGX Update will be published
whenever warranted.  And right now is such a time.

I've been ribbing all the junior mining newsletter writers who've
been losing money for two years now.  And all the while,
PennyGold owners have been profiting!

But they have been making money *NOT* thanks to PennyGold.  PG is
just the TOOL.  Crediting their profits to PennyGold is like
saying that a hammer built a beautiful piece of furniture.

Of course, you need a good tool.  And strong user feedback sure
proves that PennyGold measures up as a *great* tool.  After that,
it's up to the human using it.

PG has allowed users to find forgotten gems with no downside,
stocks that are simply too small for the newsletter writers to
recommend to their thousands of subscribers.  That's why PGPers
been able to make money while the gurus lose... because the
tipsters have no choice but to find more highly capitalized, more
highly followed stocks... in short, stocks with downside.

And any stock with downside potential in 1998 lived DOWN to its
full potential!

While this has been very satisfying (for us, not for the gurus), 
it's not the real reason for this update...  

Something big is brewing...

During much of 1997 and all of 1998, the gurus have talked about
how the mining markets and the precious metals were primed for a
turnaround. I've never agreed with this.

But now, tax-loss selling season has cleared out the last of the
penny mining amateurs... the losers... "the 97%."

And from a "big picture" point of view, it looks like the table 
*is* finally set.

We are at an amazing point in history....

o  The Industrial Revolution is being replaced by the Digital,
   with major consequences that we can only begin to guess at.

o  Major parts of the world are in economic meltdown while the
   "Internet Stock Bubble" blows bigger and bigger.

o  The blue chip markets are as skittish and volatile as any 
   penny market -- a true sign of a herd ready to stampede.
   
o  President Clinton simultaneously wages war and faces 
   impeachment.

o  And Y2K is the needle that will burst that bubble and send
   everyone scrambling.
   
Strange times indeed.  See the update page on PennyGold for what
happens next, and how to profit from it...

>> http://www.goodbytes.com/pennygold/update.html

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>>POSTSCRIPT

DISCLAIMER
As you know, I am NOT an investment adviser.  Please do not take
what I say as investment advice. YOU have to be the final judge
in how to best use the information contained in this newsletter
(or whether to use it at all).  In the final analysis, we all
have to be responsible for our own decisions.

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Written by Ken Evoy, M.D., 
President of GoodBytes Information Products Inc.
(c) copyright 1999 GoodBytes Information Products Inc.
 
>>>This publication MAY be reproduced and transmitted to 
>>>others, as long as it has been copied in its entirety.
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