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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?


To: Ryan Weisman who wrote (2218)12/15/1997 4:21:00 PM
From: Ryan Weisman  Read Replies (1) | Respond to of 4571
 
You've got to be kidding me! Trading at 1 1/16 at 3:56, closes at
1 5/32! The MM's were really playing games today, probably trying to shake out some nervous Nellies so they can have their shares.

Often times this is a indication that an upswing is on the way. Anyone agree with that?

BTW, commodoties analyst at Bear Stearns called todays slight upmove in POG a "dead-cat bounce". He was incredibly bearish, citing problems in SE Asia, central bank selling, and the psychological move away from a gold standard as reasons why gold will continue to flounder at these depressed levels...COULD BE THE BEST INDICATION YET THAT GOLD WILL SOON BE ON THE MOVE UP!!!