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

To: Bruce McGaughey who wrote (450)	1/30/1998 6:58:00 AM
From: Francois H. Gaston	Respond to of 749

I am not sure that Clinton will be out, even if all the allegations are true. Clinton denied while he did not know that tapes existed, then continues to denie his relationship. Nixon knew about the tapes, and denied all along. We will see. The average Joe does not care about Clinton's personal habit,... they see Hillary holding incredibly well and supporting him. I think a majority, at this time are saying: so what... don't weaken publicly our government. Stop being mean. Boot him out fast... or drop it. The opposition is loosing a lot of feathers as well. All of us are, indirectly. (all the above IMHO) Anyway it is fascinating to see that the stockmarket and other countries does not like to see a weakened Clinton. Saddam likes it, jumps in the fray again... because he looks at CNN and see Clinton "wounded"... He still does not understand the strong american spirit. He is in for another bloody nose, IMHO and he is helping Clinton big time. And Clinton is trying to make friend with Iran... poor saddam. From Investors Business Daily, a graph (top front page of second section) shows that cash flow in gold funds were slightly positive in December while it was still outdflowing in November. Note that this was before the double bottom.... My interpretation is that some smart money went in gold funds at the low. If you can trace FSAGX or FDPMX graph in 1992-1993, you will see that both had made a double bottom (smoother than now) and that the climb to about 75% appreciation in July 93 was caracterized by 3 periods of stabilization with almost NO retracement... then at the end of 1993 summer a major retracement occurred followed to a total of 100% appreciation (just about) for 1993. The difference today is that this double bottom we experienced was preceded by a much faster drop than in 1992... may be the run up will be faster too (probably, IMHO). The situation for gold right now (and always IMHO) is a respite for 1-4 weeks for another 15-20 run up. That is how I see it. I am staying fully invested in gold. I am long after this classic double bottom and because of this international mess. Good luck all. Gaston