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Gold/Mining/Energy : A Deadcat Bounce

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To: Dundee Maples who wrote (46)11/15/1997 8:14:00 PM
From: Robert Dirks  Read Replies (1) of 97
 
Very interesting that they released this after the markets were closed.
This is material info and should have been reported immediately.
A lot of people are questioning whether other COMEX depositories
have similar "errors", and how much Gold/Silver the Comex actually has backing up its futures contracts.
To me the whole thing stinks big time.
I don't think it will change the downward trend of the metals for the short term however. The powers that be want the prices down, and I still think we will see 250 - 275. Gold soon. I hope that will be the final bottom. Hopefully no deadcat bounce there......
It should present some lucrative buying opportunities IMHO.

Good Luck
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