An open letter to jr. gold investers by Ron Pitts 03/27/97 Message Board

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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97

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To: Cheeky Kid who wrote (92)	3/30/1997 6:55:00 AM
From: Bobby Yellin	of 297

some thoughts: it is the institutions and not the little guy that move the stocks.. to a lot of value investors this really might spell a good buying opportunity.. where will the little guy put his mutual fund money...I have been playing the market for a while now and have come to realize the *safest but psychologically most difficult* place to put ones money is in an out of favor sector since it obviously has bottomed...and eventually will spring to life... environmental sector and the Precious(has that become an oxymoron) sector are two glaring places... so when the precious metal sector is washed out...all that have sold in panic are done...somebody or other is going to put a bullish spin on this fiasco and off to the races...leaving the little guy hanging on to his fragments of what money he has left afraid to replay the game...when the time has finally arrived.. there is a growing demand for gold and other precious metals etc from the emerging nations... why are so many contracts of gold etc traded if there is no interest.. here the US is supposedly in a great recovery...if so why is there so much debt from government to consumer...huge trade deficits.. with Greenspan raising the rates...weird...weird ...weird... if it isn't a hoax...one can put a spin on it and say see how much people really want to control the gold if it is a hoax..one can say...look how hard it is to find gold and look, a 200 million source will never come on the market.. (as more paper is getting printed-it is always easy to find paper)

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