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Gold/Mining/Energy : William Resources - WIM-TSE -- Ignore unavailable to you. Want to Upgrade?

To: EHF who wrote (968)	3/27/1998 2:51:00 PM
From: Tico	Read Replies (1) \| Respond to of 1326

IMHO - There is plenty of interest and disinterest in WIM. There are several shorters which are really hurting the price (G for instance). There are also many people who do not have much confidence in WIM and in Gold maintaining at these levels. Hence, the reason why I think the ask size has lately consistently been much greater than the bid size. I wouldn't worry though. The longer the volume stays high (100,000 or above) the more of these unconfident to get out. If the price of gold continues to climb, I'm sure you'll see the bid sizes surpassing the ask sizes and then WIM should improve its momentum. I believe the price of Gold has just begun its path to recovery. With unemployment so low, the price index seemingly bottomed out, it is only rational to expect higher inflation in the future. Most analysts I've heard predict a 6 month target price of $350/oz for gold. It probably won't be a direct climb but all signs indicate it will get there.