International Precious Metals (IPMCF) Message Board

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

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To: Richard Mazzarella who wrote (22126)	10/11/1997 11:28:00 AM
From: Larry Brubaker	of 35569

Richard: I agree with you, the buying opportunity is here. I believe the shorts have started covering with the decline to $5 and below. Ever since we got to $5, it appears the majority of the big blocks traded have been buys, but the MM's don't let the price rise, and actually lower it on a few small sells. I think this is indicative of short covering. We could see one more panic spike down, particularly if Barrons or Stuffy come out with a hatchet job. If we do, I believe that will be the very last buying opportunity and the shorts will be covering like mad. JMHO.

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