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Strategies & Market Trends : Moufassa's Lair

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To: ALTERN8 who wrote (12291)	3/27/2003 2:28:27 PM
From: James C. Mc Gowan	Read Replies (1) of 13660

RE:Gold. Today Bloomberg said Solomon SB panned a bunch of gold mining shares, down on gold/mining in general. Also, we have come very close to the targets from a chart pattern posted a while back, e.g. HUI at 100 and POG at $325. Also, today, the very first pure play on gold bullion was made available on the Australian exchange. Symbol GOLD. There is a management charge of approx US$24/year per $10000. invested. Each 'share' is equal to 1/10 on an ounce of gold bullion. Of course none of my 3 brokers wants to sell it to me today, n/g. But I will persist. Picking up a few gold shares now.I figure a SSB sell recommendation means we are getting close, ho ho. James

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