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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

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To: brian krause who wrote (83845)	3/28/2002 8:39:42 AM
From: IngotWeTrust	Read Replies (2) of 116762

This may come as a shock 2U, but I'm NOT short any stocks or commodities at the moment. Where the hell did you get an idea like that. Put these FACTS in your dayplanner, okay: 1)I am a multiple gold mine owner...7 placer claims PLUS 2 lode mines at the moment. THAT hardly qualifies me as a "short" in this sector. And I'm not hedging production either, just building mineable drill proven reserves. 2)I am a gold recycler with plenty of unsold silver sitting around in buckets still in solubized form. That physical inventory ALSO hardly qualifies me as a short in that sector either. My cost there is UNDER $20 per troy oz for gold and the silver is Z-E-R-O cost per t/oz. 3) I won't even get mildly interested in the basing action in gold until it it crosses $332 per oz and stays ABOVE that resistance level for, oh, let's say 12-18 M-O-N-T-H-S. 4) AND I won't get WILDLY excited about gold until it clears $413 in the PM FIX and stays ABOVE that number for another oh, how about 30 days. Next frog giggin' post from you?

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