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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Daniel M. Whipple who wrote ()10/28/1996 10:33:00 AM
From: Bruce McGaughey   of 35569
 
Again, the XAU seems to be moving up nicely, today, from a reverse
head-and-shoulders bottom. In fact, we just blew through what I had
thought may have been some resistance at the 120.50 mark. We are
currently at 120.77. 120.50 looked to be the level of the left shoulder.
Adios to that level !! (???).
Given this backdrop, if IPM can stay away from releasing bad news
and if it releases news even at just the mid-range of our estimates,
it's up, up, and away.
Got my fingers (and toes) crossed.
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