International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Eva who wrote (19982)	9/6/1997 10:16:00 AM
From: Bruce McGaughey	of 35569

Eva, "The Privateer" makes the point that gold hasn't been this range-bound since '93. We haven't varied more than 1% for quite a while now. '93 resolved to the up-side. Silver and Platinum have already broken to the up-side this summer. Asian stock markets are dropping. Some bank runs are also being reported in that part of the world. The dollar is too strong and our stock market has been pulling capital into the U.S. from other parts of the world. This last week, the NASDAQ continued up but the DOW could only rally back up to the down-trend line. I think the Dow stocks will continue to soften as more foreign money leaves the U.S. in an attempt to save these foreign markets. Gold is becoming a part of the Indian monetary system. Yeah, I think gold is ready to turn back up. What we need is a good BD from IPMCF.

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