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Gold/Mining/Energy : SSRIF Silver Standard Resources

SSO 115.14

+0.6%

Nov 5 4:00 PM EST

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To: Bald Man from Mars who wrote (260)	10/2/1998 9:59:00 PM
From: Douglas Freeman	Read Replies (1) of 403

One thing I've learned is that market makers don't just trade; one of their priorities is to make money from us. The month of August looked like an attempt to accumulate (trigger some sell stops) before what they'd expect to be a run up. Perhaps they knew about the insider buying too. But seeing the price get jacked up pretty quickly in recent days sort of confirms it, for me. This is the kind of action a trader would look for, & don't be surprised to see the uptrend continue. I've seen the VSE post some pretty high ASK's lately that were never hit (C$2.20), which tells me the market maker is trying to extend the upside. This is an important player to have on your side. I just doubled my stake. Article in WSJ a week ago was talking about how strong coin sales have been the last 2 months. Triple normal. XAU knows it, & that's why it's gone from 48 to 83 in 5 weeks. Next couple months should be fun to watch. ID

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