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Gold/Mining/Energy : JAB International (JABI)

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To: Galirayo who wrote (3526)	4/23/1998 10:04:00 AM
From: Eric Freeman	Read Replies (2) of 4571

If it is not going up in this gold rally - look out below ( at least a short term spike would be expected). Well Ray on this one we have to differ re: TA - I have read this chart for some time and called for decline - which has happened. Have heard from other people who claimed chart showed accumulation etc. - However other than forming a base, possible short term oversold - this chart says distribution. Are you telling us something else?? IE what is your short term read, medium, long - based on your TA. Mine has been and still is: Short term - should bounce - but I am not buying on possibility - too many better gold stocks that look stronger. Medium term - looks weak - to 3/8 Long term - looks weak - find something substantial or typical roll back - down to pennies. That is my read - so far have been correct, but am willing to be SHOWN that I am wrong. SHOWN means a real sustained price rise on volume etc., for more than a month, otherwise to date BCMD is a sell. And in light of current action in gold price - well what can one conclude, unless common sense has left everyone. Eric

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