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To: Roebear who wrote (91025)	5/19/2001 5:44:12 AM
From: Roebear	Respond to of 95453

Posted on HTP: Message 15823691 JungleInvestor, Agree completely: Kodiak, the gold bull's time has come which means follow the old adage and "let your profits run." It's normal for gold to come alive at this time in the business cycle. Congratulations to you and all the HTP'ers who had the temerity to invest (speculate) in gold stocks during their recent bottom. While I have been a trader or speculator (and I agree also, very much, with your description of speculation) of gold stocks for quite awhile, those days are over for the length of this gold run. A rally which I believe will be substantial, therefore it is my turn to "buy and hold", at least for awhile, ggg, and to "buy the dips". Gold has done well when real interest rates are 2% or below, which makes gold loans unprofitable. Currently real interest rates are in the vicinity of 1%. The fact that T/A indicated gold should have consolidated this week (surprise surprise) AND that 275 was agreed by all to be a difficult resistance to the POG and was brushed away signify a substantial gold bull is now launched. Also that the large number of gold shorts are TOAST. There WILL be dips along the way to buy, but investors should be wary of gold stocks that are heavily hedged. BTW, I have a busy weekend without time for research. I have come across some quotes indicating a statement was made by Euro banks indicating they would be curtailing gold sales. If anyone would be able to confirm or source this it would be greatly appreciated. Best Regards, Roebear