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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.37

0.0%

2:24 PM EST

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To: d:oug who wrote (3572)	5/29/1999 7:04:00 AM
From: Bearcatbob	Read Replies (1) of 4066

Doug, This is relatively simple too. The ultimate guarantor of sanity to the gold market is the US reserves at Fort Knox. When Long Term Capital Management went belly last year - they got bailed out. If a gold squeeze starts - Slick will open Fort Knox to cover. The last thing this administration can tolerate - or any now for that matter - is an acceleration in the price of gold. The "House of Cards" is built firmly on this premis. Remember the saying - don't fight the fed. So, what to do. Me, I my gold shares on the shelf. May by more Franco and Euro Nevada if they drop further in price. However for now, the East Lost Hills natural gas play is HUGE and NOW. The blowout was "killed" last night. The play is now on! Bob

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