Gold Reserves Limited GLR - TSE Message Board

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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: Cyber Rock who wrote (37)	2/27/1997 9:40:00 PM
From: John Stopforth	of 406

Clar/From the Rock Were you able to hold on to your GLR shares it looks like investors are being rewarded for their patience? I believe gold is going up, $390, $400 maybe and GLR will follow it. My reasons: Almost every analyst in the last six months has been negative on gold, a sure sign they are wrong. I read somewhere in January that the short position in gold was equal to the total production of South Africa.....short squeeze. The last three year gold production didn't replace gold sales. Central banks in Europe have finished selling gold reserves. Notice I didn't mention politics or inflation, I think the price of gold is more a factor of supply and demand. Just my opinion John

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