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Gold/Mining/Energy : A Deadcat Bounce

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To: Tommy D who wrote (64)12/3/1997 12:49:00 AM
From: Ed Pakstas  Read Replies (2) of 97
 
Hi Tommy, First of all I didn't get a chance to call my buddy today... I was getting some adrenaline rushes on the CRN/vse... I will call him tomorrow... (BTW, you and he have the same first name so I quess you can't be that bad <g>)...

Re: bottom fishing the gold... I give up...

In the last month, there has been a threat of renewing the Iraq war, Rumours of Asian economy's on the verge of bankruptcy, actual bankruptcy's of major financial Asian institutions, Government bailouts, bustling North American economy's, strikes by major union's against large corporations, for more pay, which BTW are small indicators to me that inflation is starting to trend upward albeit slightly, and the yellow stuff still does nothing...

What's it going to take... Virtual economical collapse of some European or North American countries???...

Something is going to kick start this thing again, I'm not sure, just what it's going to be...

For now, I'm trying to make a buck or two on the penny's, 'cause I don't think they have had their runups yet... When the penny market index's start rocking... The bull market of the major index's is gonna be over and the flight to gold will begin...

My School of Hard Knock thoughts only....

...ed
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