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Gold/Mining/Energy : ECM.VSE - El Callao Mining.
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To: virginijus poshkus who wrote (771)6/25/1997 7:57:00 PM
From: Cascade Berry   of 1253
 
It is exactly thus that bottoms are made of. I'm not surprised that sentiment
on this thread and others is uniformly bearish. It was just as bullish
when gold was at 380-400. Why is everyone so bearish now that the
VSE index has dropped over 500 points in the last year? Luckily I've been
bearish since then, avoiding all the Bre-x induced fiascos etc. I'm nibbling
on golds now. I'm curious why there was so much buying over the 380
level? "Things" can't change that fast. I think the thing that will turn this
market is the unresolved question of Hong Kong. There must be a lot
of potential buyers there, as a panic in "Red Chips" and a big decline
in real estate ensues - I knew a guy who smuggled gold in Korea in
computer chips - isn't there a lot of pent up demand in China? - and the
flow will be a lot easier to get it in there. Everybody take a valium.

Cheers.
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