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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (58941)9/26/2000 10:55:19 PM
From: John Paquet  Respond to of 116764
 
Rarebird, This is rarely happening, on the contractory, there are 52,55,000 contracts are shorts in the commodity market.

These shorts are so worried that they have to cover their shorts at the market.

That is why I said when spot gold hit that $275 or December hit $280, short covers will defintely take place.

Then what will happen???

Yuo know what will happen, it happens like the massive crows in a threatre and caught fire "FIRE! FIRE!!!" "Rush ME OUT! RUSH ME OUT HURRIED AND HURRIED"

then gold will up $15 a day or $25 a day.

ECB could very possible announce that lilimted gold sales and reduced lending rates. I expect they will becuase this their aniversary-- that is Whasington Accord II.

Gold is ready to shoot it up to that $338 and test that $350 by the end of October.

Gold stock will rally as soon as gold rallied. XAU first 55 then 75 then 90 then 150. Very very BULLISH outlook.

YahohohohohohohooYAHOHOHOHO!!!! HahahahHAHAHAHA!!!!

John Paquet