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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

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To: Ironyman who wrote (527)11/13/1997 10:21:00 PM
From: Ironyman  Read Replies (1) of 34075
 
It appears that most everyone is in Bolivia--My guess is that they all wanted to see it FLOAT. ( Maybe there are some IMPORTANT meetings going on,,,But how would I know? )
.
. Nov. 12, PRNewswire----Market Analyst Frank Veneroso says that the gold market deficit is 700 tons larger than consensus estimates and that the aggregate short position is too large to be covered. Reserch shows that official and private gold loans total 8000 tonnes! World production is 2400 tons.
. The current crash in price is attributed to " Mad Dog Selling " by
Euro Central Banks taking a last opportunity to sell before admission to the Euro. Monetary Union.
.
. I'll bet the last chance for them to sell is Dec 31---Wanna bet that we see some major short covering all Dec. and come Jan. when the little people figure this out---POP!!! ( Greenspan might even retire- due to back problems )
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