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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Ed Fishbaine who wrote (7046)8/24/1998 5:38:00 PM
From: Zeev Hed  Read Replies (1) of 14226
 
Ed, you might have found your "evil forces". You mentioned that GPGI is still selling some 144 stock to finance day to day operation. True, these shares cannot be sold at once, but if those forces are indeed "evil" they know how to use the "dark side" and short through f shores outfit. You cannot blame GPGI for that since they should be happy that someone is advancing them cash, but the evil forces on the other side, are more interested in making their 20% or so in few weeks than wait until GPGI finally triumph.

In any event, whatever the source of selling, there is definitely selling and for GPGI, heavy selling going on, and we are probably going to see new lows. Under such circumstances, you might have a phenomenon of "selling begot selling", so hold to your chair for a ride. The XAU flirting with its recent low surely does not help matters much.

Zeev
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