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Gold/Mining/Energy : Alta Gold

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To: Bucky Katt who wrote (193)	7/11/1997 4:39:00 PM
From: Texas77	of 749

WJ I posted this on Kitco yesterday and it may be of interest here. When I stopped for gas at my local One Stop store I mentioned to the owner that my PF was taking a beating because of the price of gold. He responded that he was also because his parents and all of his relatives were loading up on gold because it was such a bargain. He is a young Asian Indian fellow and there are millions of people just like him here now and if that same attitude is prevalent worldwide there is a huge demand for gold now that may well offset any CB bank selling. The shorts may get forced into a cover rally sooner than we expect. I expect the first shots to be fired in the evening Asian markets when it finally begins with at least a $10 spike up. I expected to test the $300 before we made a turn around but since this new demand may not have been factored in by the manipulators - we may go sooner than we thought. I'm hoping it starts this Sunday night. GO ALTA - I just had to lay some more in today - even though I swore I would wait until it either reversed or tested $1.75. ALTA has hit it's bottom --- " ALL ABOARD"

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