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Pastimes : HYPE AND HYPESTERS DENUNCIATION CENTRE
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To: EL KABONG!!! who wrote (557)9/28/1999 9:06:00 PM
From: John Sladek  Read Replies (1) of 612
 
Kerry,

I do own some gold stocks, so I am aware of the recent movement in the POG (its about time, LOL). I think that the movement could relate to large short positions in Au, and the decision of the European central banks not to sell as much as some people expected. Possibly we are looking at short covering as far as Au is concerned. But that's not so much what I was wondering about.

What I thought was somewhat irrationaly exhuberant was the estimate of 100MM ounces of gold, which seems too good to be true. The last time I heard of a company that had 100MM oz, it wasn't true.

This is an OTC:BB mining company for crying out loud. They picked up the claims that supposedly hold all this gold for a pittance. Now we supposedly have 18 major companies fighting it out over the properties. But of course this information is not available in a press release, just on a very active SI thread. Is this insider information, or just someone's fantasy?

Regards,
John Sladek
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