Donner Minerals (DML.V) Message Board

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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: Ed Pakstas who wrote (2565)	12/31/1997 8:12:00 AM
From: the Chief	Read Replies (1) of 11676

That's right Ed, this is why the last 10 days of November were terrible for the "Dog's" of the industry, everybody sold then so they could position themselves before the start of the year. Ifyou own a dog, you should sell it by the 15th of November, then buy it back by the 26 December. That way you can enjoy the quick "forced" runup by Mutual funds trying to improve their "% return" for the year, before year end close. Take a look at Gold, yesterday it was down to about $291 from $299 a couple of days before. Yet the blue chip gold stocks actually moved up yesterday. Thats because the Precious Metal fund managers can move these stocks very easily during the last couple of days of the year, because most people aren't trading. So people (tax sellers getting back in) try to buy these stocks "before" the managers start moving them. the Chief

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