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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?


To: Paunch who wrote (7476)3/3/1999 10:43:00 AM
From: Chuca Marsh  Respond to of 11603
 
In town here some folks are buying Gold Futures contracts ....( Not me the DAM Market Makers can take it down to make a call- no sucker contracts for me!) I keep telling them about my CG s and Maxam...gave a copy of yesterdays PR on Maxam to 7 folks in town...each said...LET ME READ THIS!
Chuca



To: Paunch who wrote (7476)3/3/1999 11:14:00 AM
From: Ed Devlin  Read Replies (1) | Respond to of 11603
 
Paunch --

I also heard (yesterday?) on CNBC that the government of India is giving incentives to people there to invest in gold-backed government bonds instead of buying metal. If successful, this was seen to take about 50 to 100 tons out of the gold production deficit.

Hope it's a false rumor.

As John Maynard Keynes (I think) said when asked about the market, "The stock market will vary."

Best,

Ed



To: Paunch who wrote (7476)3/3/1999 11:44:00 AM
From: Richard Mazzarella  Read Replies (1) | Respond to of 11603
 
Paunch, yes I did see that. Wishful thinking? I have been of the belief that POG was going to remain $290/oz +- a gallon of gas or pack of cigarettes forever. There is just too much manipulation going on. Governments, 401ks, and cockroaches all have a vested interest and are depending on stable non-inflationary commodities. Gold's now a commodity. $290/oz forever! However, I understand my limitations, just bought the xau (RYPMX). <VBG>