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Strategies & Market Trends : games trader group -- Ignore unavailable to you. Want to Upgrade?

To: John Paquet who wrote (124)	10/3/1999 1:45:00 PM
From: LaFayette555	Read Replies (1) \| Respond to of 507

Hey Guys U having an interesting conversation here !! Goldsnow : Yes I changed my mind on gold and am now long. Herr John I agree the Dow and especially Nasdaq is VERY dangerous now this Nasdaq mania is now blowing up with massive losses inflicted on many already and more to come IMO. Now for Gold many have been short gold for many years and have made piles of money - even some producers are short and/or near short gold. These short positions are now being reversed and the Gold market is streached to the breaking point, for example usually the spread of bid - ask on gold bullion is usually 50¢ now it is 2 to 3 $$ !!! This ceartainly indicates the market in gold is boilling up. Some shorts may go bankrupt !! When the Over the Counter gold options expired last time desperate shorts pushed gold up to over 325 .. next OTC expiery is october 20 (correct if wrong this is important date).. I predict an other massive up move on gold around this next expiery of options.