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Gold/Mining/Energy : Gold Price Monitor

GDXJ 127.15

+0.4%

Jan 15 4:00 PM EST

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To: goldsnow who wrote (4469)	12/18/1997 11:49:00 PM
From: Ronald P. Margraf Sr.	Read Replies (1) of 116857

;-)))))))))))))))))))) Ah, so is the mentality of the press and the analysists. Where all still here today aren't we? You watch Goldsnow, gold will go up, the $ down, the d-mark up, yen up/down. I played cotton last year and made a killing on it. Why? My broker told me that it wouldn't go above 72 and taking a option out on it was wrong. Sold it at 78.;-) So much for brokers. Go back and do a historical research of the comments that folks have said. Go back and see the positions the big boys had. The little guys lost and the big boys won. They do the opposite what the press says. Thats how they make their money. Don't sell gold short unless it moves up 3 days in a row. Then sell it short with a stop. Gold plays are sucker plays like lumber. I watched lumber for 6 mos. only to find out that it moves when new money comes in. Usually when someone takes a long position on it. Of all the commodities lumber is probably the most corrupt. I've talked to brokers that won't even touch it. I've got brokers that don't want to touch gold. Both commodities are corrupted and unless you follow what the big boys are doing and take a small position and get out quick, you will get your ass eaten up. You will definiatly loose all your money. When you trade commodities you have to be quick and astute. Don't hang around to see who else is there. Just do your thing and get out. A position of 330 on gold in 99 is or looks good. The d-mark rising in 90 days looks good. The yen rising in 90 days looks bad. The Swiss Franc will be the one to watch. The Canadian $ is one to look at. The Australian $ is another one to look at if you want to know what is the direction of gold. The point I'm getting at here is don't beleive everything you read and hear. Use common sense and put yourself in their place and go from there. With currencies and metals instinct and common sense will/should dictate what you do. Common sense tells me to buy up all stock in Indo plays. Buy up all stock that are considering open pit mining for the yellow stuff. Know the Asian mentality. These folks beleive and know the value of gold. When thing look bleek, gold is where they go. In fact they will fill their mouths with the stuff. N/As and Europeans are the only ones that put their hopes and dreams into paper. Go to your china towns and see what their spending their dollars on. Not paper. These folks have been around longer then us. They know where the true value is. Gold!!!!!!!!! C. cheers Ron

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