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

To: Bruce McGaughey who wrote (412)	1/24/1998 11:34:00 AM
From: Francois H. Gaston	Read Replies (1) \| Respond to of 749

Ben... I possess some knowledge, but just started investing two years ago. I am brand new at this. Increased bid/ask ration is typical at the end of the day when a great run has occurred and when daytraders want out for the day and are unsure about Monday (because afterall, this rally has been based on technical points (double bottom nailed) and drop of strenght of $. We need individual investors to beleive in gold again, after this continuous smear campaign against gold. Hey! If I make some bucks, on this move, I will buy my first American Eagle as a souvenir of this double bottom. Regarding the article about shorts: I am personally much more interested in the price of gold Monday night (in Japan and Europe) to see where we are going to be at the opening Monday... THEN only will the US reaction be interesting. A double bottom is a funny thing. It has a name, it therefore exists and for the all week end, shorts will not be able to get that out of their mind. The bottom for gold might have been placed... in part because of this etched "psychological" double bottom. If I were "them" I would not fight this trend reversal pattern in this crummy world environment. BUT as gold is a political metal, huge forces might be at play Monday. Volatility could be huge in gold, now. Gaston