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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 (264)	10/5/1998 12:51:00 PM
From: Douglas Freeman	of 403

And you're seeing it today. The bullish part is the coin sales jumping the way they did, a sector that was written off. Additionally, the deleveraging that's going on should wipe out some of the shorts. Banks have been reluctant to loan gold, for whatever reason, as the lease rates have gone up some. Dealers are reporting Kruggerands & Eagles being sold as soon as they get them in though, and over the whole that has good implications for all metals over the next 3 months as we go into peak demand season. Now is traditionally the time to buy, and Jan-Feb the time to sell. I'm sure I'll be lightening up then too. ID

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