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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: bill who wrote (4517)12/18/1997 10:26:00 AM
From: The Fix  Read Replies (2) | Respond to of 26850
 
Hello Bill......

First off let me state that I'm a true bonafide Goldbug. I feel that Gold is the only currency that there ever will be of any value. Like it reads on my profile....Paper is paper and Cash is King. I mean Cash as in Gold.

First off Traders/Bankers usually take a few weeks off for the Christmas holidays. Alot will never leave for a few weeks or so with a large short or Large Long position on the books. When there away the trading is left to the flunky that just got his licence to trade. This is a fact that has been going on for years.

In recent months gold and gold stocks where being shorted like there was no tommorrow (I personally was short on Bema and Barrick). Some covering has taken place somewhat in the last two weeks. There is still a large short position outstanding on Gold and alot of the gold plays. This is the number one reason why I think that the POG will spike up for Christmas and than slide after the new year (Traders/Holidays).

Add in the fact that Japan's ass has just been saved and the bastards turn around and spit in our faces. These Clowns are in worse shape today than they were last week. These new Yen bonds will only help there economy by about .o2 to .o3 percent. These Morons are headed for more recession in the coming months.

Clinton screwed up Bigtime and alot of favors were paid back last week (Clinton had alot of Asian money in his presidential campaign). When the dollar stabalizes and it will in the new year. Gold will not be so much in vogue as it is this second.

Guess What the house of Cards will fall Soon. I'm betting that come April/May that Gold becomes for real again and shoots up over $400 by Christmas of 98. Why is the Rothschild Bank/Brokerage pulling in markers of mining companies that they set up in recent years & taking away there mines and pushing the co.'s into bankruptcy. Why would these guys want a diminishing asset on the books (Gold Mines)?

Simple.......GREED.

Bear with it for a few more months and watch POG reach new highs! It's always the darkest before the sun comes up.

In Closing...What Gold Plays do you follow? I always ask this of people I come in contact with!

Fixer