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Gold/Mining/Energy : Gold's Six Month Base Near Completion -- Ignore unavailable to you. Want to Upgrade?

To: KAZHAK who wrote (54)	6/4/1998 8:38:00 PM
From: Bill Murphy	Read Replies (2) \| Respond to of 94

Kazhak, To me it is very, very clear and obvious ( watch this one be blown against me into smithereens ). Everyone is short, Gartman, Armstrong, and just about everyone else has the world panicked in anticipation of total deflation and Russian gold dishoarding. A re-released Swiss gold story kindled more short selling. The specs on Comex and the much larger OTC market are now mega short. I believe this is a classic set up Before yesterday"s N. Y. opening somebody paid $3 over our close. It was not a spec. They are selling. Somebody has wind of something and wanted to cover at any short term price. The last two days, the specs have tried to bury gold and the trade is covering. Look out above. Bill