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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Bruce McGaughey who wrote (70)10/2/1996 3:36:00 PM
From: Bruce McGaughey   of 35569
 
Pretty bleak day today. We continue downward. Hopefully we'll find
another bottom around the 2.50 area. One big sell today of about
20,000 shares.
Only good thing was that the XAU has bounced off 113 the last
couple of days. It's now at 120 and at a point which appears to be
the top of a downward channel. It needs to bust up through 120
soon for the move to remain intact. I kind of think it will need
to base some more, though.
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