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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Alan Vennix who wrote (679)12/5/1996 6:18:00 PM
From: Bruce McGaughey   of 35569
 
It seems to me that the market makers in IPM move this thing at will
...and in the direction they want.
Today, we were up quite a bit and yet it was on relatively low
volume.
This one doesn't move until the market makers want it to move.
Only way that will change is with the kind of BD report we all
are waiting on.
In fairness to them, though, I think they handle IPM well.
If you're watching this one all day you can trade it very well.
On the way down, it moves pretty smoothly. It doesn't drop like
a rock. Same way on the upside, too. I bet we continue up
to 3.00 tomorrow or Monday.
XAU looks great. I guess that was a double or triple bottom
we just came out of.
Anyone else think so ???
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