International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: go4it who wrote (3082)	3/1/1997 3:47:00 AM
From: Ron Struthers	of 35569

Charles, a few other points to consider I don't buy the CB sales pushing gold down. It was producer sales and hedge funds. SA started selling forward because of the runup in the $US relative to rand Hedge funds joined in going short Don't dismiss the posibilty that gold was driven artifically lower as the biggest gold find in history was in play, Busang. The price action is timed to the day. Other big clue I noticed aweek or so ago. An article that many countries were complaining that Russia is dumping steel. What is Russia doing selling cheap heavy steel? Because they have depleted their gold and PGE stock piles. The rally was led by Platinum which supports this view. I guess you might say I'm bullish On metals and IPM IPM shareholders hold onto your hats Ron

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