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

To: Jafco who wrote (8603)	11/20/1998 10:04:00 AM
From: Randall E. Brubaker	Respond to of 14226

Bid and ask both at 1/4 this AM. If this is accurate, we seem to have a difference of opinion among the MM's.

To: Jafco who wrote (8603)	11/20/1998 10:11:00 PM
From: JACK R. SMITH JR.	Read Replies (2) \| Respond to of 14226

Jafco, Let me give you perhaps a more important perspective! Gold has rallied a little here from an important low, PGM's have broken above resistance, but will fall back. There is a much more important scenario in play. Oil is crap here and by all estimates of the "great experts" is likely to remain repressed for the next ten years in view of the present "glut". What pure crap!! You believe that? There is a hybrid animal in power in Iraq, and he is bread between a donkey and a goat! I would call that a "Dongoat"! Smart like the Devil and stupid as an "ass"! and dangerous as "hell"! Beside that, the "Devil resides there", and that is the seat of his throne, and though I hate all about him, perhaps he will have a day or two here! What we have here is a situation where I would not touch the advice of my advisors with a long, long stick--You say I am stupid--well, I have been that way for a long time, and wish to remain so in light of what I see here. What is the cure for the world "Oil Glut"--The only cure is "turmoil" and "uncertainty"! You all tell me how that will happen? Which "world puppet" will rescue the "World Oil Patch"--Perhaps the "Dongoat" of Iraq! My view here is that the "Dongoat" has probably issued his last lies within the next fiew days, but I have been wrong before, but not often, and all are allowed to watch his destruction!! Old, Jack!!

To: Jafco who wrote (8603)	11/23/1998 9:16:00 PM
From: JACK R. SMITH JR.	Read Replies (2) \| Respond to of 14226

Jafco, Sorry to take so long to respond. The runup was short lived and I expected that. I see support for platinum (first support) just below here (below 350) and better support below 325 and above 300. Big declining wedge and the price will bounce within the wedge or declining triangle until it breaks out and then one might expect to see some real action as price breaks above the declinging triangle. Palladium is pretty much in the same formation, but could be more explosive on breakout, depending on what Our Russian friends do! Precious metals and commodities are pretty much on the sidlines here, watching the equities attempt new highs. DJ has done it, but has not been confirmed by broader averages. Could be that they will confirm, but that remains to be seen. Given the broader situation, I would tend to be very careful here and perhaps plan my exit. Certainly exciting times, certainly not boring, and I hate that!! Not bored, Jack!!