Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: john who wrote (2455)	1/29/1998 9:14:00 PM
From: Luc Beaugrand	Read Replies (1) of 4718

The popcorn effect What is the popcorn effect? The brokers uniformly believed that, despite any improvement in the price of gold, the junior exploration was not going to improve across the board. Rather, a few select juniors with fundamental success to report would "pop" in price and benefit from better than expected price appreciation as junior gold investors flock to them. The best analogy used by one of the brokers was that current investors represent mosquitoes (no derogatory comparison intended) in the woods. Up until early '97, there were many light bulbs which attracted them. In 1998, there will be very few light bulbs but when they turn on, they will attract their disproportionate share of mosquitoes, thus driving prices up faster. From a cannacrook or cannacoors broker ;-) ************************************************************** Hi Wayne could you post the trading board as today or tommorow... More money to come in ANZ very soon...... Don't sell! LB

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