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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (23223)10/25/1997 12:44:00 PM
From: go4it  Respond to of 35569
 
Richard,

I agree 1000% as far as perception is concerned. I don't understand the perception though. Reported short interest in gold about 6 months ago was about 1800 tons. Even if the Swiss did vote to sell off it wouldn't even be enough to cover the short position in the metal if it were still that high. That doesn't even account for the diminished supply from mine closings. I don't know but this entire market has me totally baffled.



To: Richard Mazzarella who wrote (23223)10/25/1997 1:32:00 PM
From: Bruce McGaughey  Read Replies (3) | Respond to of 35569
 
Richard (and all):
Here's a 5-yr chart of the XAU.
I know I may be hoping for something that isn't there but
I really do think we're seeing a reverse head and shoulders
bottom in the XAU (gold index)
tscn.com

If we are seeing that, though, looks like we need to trade
decidedly higher very soon...like next week.


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