Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (1074)	11/16/1997 10:51:00 PM
From: Jimsy	Read Replies (2) \| Respond to of 11676

Ed - I've made up a set of charts and a fictitious portfolio to watch 20 gold producers minute by minute to get an idea from watching both the charts and the AUX and XAU plus the spot as to where gold is going. If gold is going to have a run back, we are poised for quite a runup of the gold stocks, like anything from 30% to over 100% on some. Now this is a rather attractive thing to keep an eye on. The other thing I'm doing is making a detailed spreadsheet of the cash position on about 100 resource companies. Some of them have more money in the bank than their market capitalization! Many have substantial percentages of their market capitalization in cash and are withholding news because the market will ignore it at the present anyways. In my opinion the non-gold equities have run up too much and gold hasn't moved at all in proportion. Therefore, there is a recognition of this going on, but to avoid the rush back into gold and gold equities, they are badmouthing gold with just about everything they can throw at it, while at the same time buying on the sneak as much as they can without being noticed. When the buyers at this price level are satisfied and this all comes out, gold will rocket to $400 or more over night I betcha. And the guys who were badmouthing gold will be the promoters then - just like the penny stocks on Vancouver, but a little more sophisticated.