Naxos Resources (NAXOF) Message Board

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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mfgrep who wrote (8518)	1/24/1998 5:07:00 AM
From: GOGI	Read Replies (1) of 20681

I think it's highly likely that Naxos will either obtain a heavy weight financial backer or decide to embark on a much larger drilling campaign on it's own. Additionally, I expect the price of Naxos to be drastically higher later this year. Sometime this year, central bank selling of gold will virtually dry up (most European nations will be through selling gold to meet the requirements for entrance into the European Common Market) and the price of gold will sky rocket. There are other factors that will propel the gold market and the price of Naxos: a continued Asian deflation that will go around the world and eventually hit the U.S. market (a similar senario occurred in 1929), a U.S. dollar that is overvalued (5.4 trillion dollars of admitted debt), and the unrealistic stock market expectations of investors that have too much of a vested interest in having put all, or most, of their life's savings in an extremely overvalued stock mania. Sorry to have to report bad news but I call them like I see them. I'm not trying to win a popularity contest with such negative, realistic forecasts. GOGI

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