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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?


To: W.F. Schwertley who wrote (5198)2/27/1998 9:17:00 PM
From: JACK R. SMITH JR.  Read Replies (1) | Respond to of 14226
 
W.F.,

What has been reported on the IPM thread is not important here, and I realize that there are many IPM ers over here. No disrespect to any. I do not put much credibility on anything put out by IPM in view of developments.

What is important to GPGI is the ability of Auric to extract the goodies from the sludge, slime, dore, or whatever. If they can do it and if GPGI profits from it, then I will personally shake hands, congratulate, or kiss , hug all there as is socially appropriate. Be it champagne, cognac, armanac, or bourbon, it is on me, truly!!

Admittedly, my wine cellar is somewhat depleted, but I am sure there are those who will be willing to contribute!!

Blabbermout analysis for the day. Gpgi has been in a drooping flag formation for the last year. We are coming to the end of the flag or pennant. That means generally that we break to the upside or downside rather sharply here. My other indicators support the upside. We have bounced several times on the bottom of the flag and if the stock breaks above $1.80 any time soon, then I would be a buyer and watch it very closely. Support is in the 1.15-1.20 area and resistance around 1.75. Time to be vigilant here. The stock could move sharply to the upside here at any time. It is set up for that. The last moves have been on very low volume, and that is positive for where the stock is. Watch for volume expansion on upside moves and be ready to fill your positions quickly if it moves.

Silver up, platinum up, paladium down. Rather sharp moves, all. Escuse me, I forgot gold--up sharply.

Fakeout up in copper. Watch for new low soon. Grains will move next week to the upside. Cotton looking strong here watch for good moves to the upside.

Whether this is right or wrong, I do not know, but I put it on record here, and you may judge for yourself. I advise no person or commercial entity to make investment decisions upon my statements and simply do this for fun.

Funny, Jack