P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who wrote (4240)	7/26/2002 4:11:49 PM
From: James C. Mc Gowan	Read Replies (1) of 30712

Jeff, on golds. If the effort to get gold shorts/derivative players out of their self-made briar patch has this strength now, are you easing in now, or holding back to see how low they will take this? I've been looking at 52 week lows on some golds, and they are getting closer, a few more days at this pace and we'll be there, e.g. AU @ 15; ASA at 17; HGMCY down at .75. Why wouldn't they try to get gold shares all the way down?the propaganda they are putting out, and the dollar moves are showing thier hand very clearly. I have some gold and would like to add more, but just trying to get the best price in this engineered selloff. TA says most gold shares have broken down hard already. James

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