At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: mikesloan who wrote (591)	7/2/1997 4:36:00 AM
From: Goldbug23	of 1911

Hi Mike, still staying up all night I see. Yes, EBN has gold down 1.70. Is there no bottom. But then it has been much lower than this.Bottoms always last much longer than we longs wish just as the Dow and S & P 500 have been hitting new highs much longer than many of us thot they would. I have had "bottom" feeling for some time now but it is possible some CB is doing some selling we will learn of some time in the future which is putting pressure on the price. You recall the shock many of us got when we learned the volume figures on the London Gold exchange. The CB's can easily dispose of hugh amounts without being detected these days. It appears the Far Eastern CBs are buying what the commom market CBs are selling however and we will not use any "forbidden terms" this time will we, ;-) Best, Jim

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