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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: kevin joseph who wrote (5640)	4/12/1999 11:40:00 AM
From: Rick D.	Read Replies (1) \| Respond to of 5908

Web site update: April 10, 1999 -WE are at 100 meters with a few more small quartz veins, several sulfide showings with lead, no arsenopyrites. New York precious metals ended higher Friday, with gold remaining steady in choppy trading as the market kept one ear on Russian President Boris Yeltin's criticism of NATO's bombing of Yugoslavia and one eye on the Commodity Futures Trading Commission's Commitments of Traders report. Yeltsin said earlier Friday that NATO's action could precipitate another world war. Reports of Russia pointing nuclear weapons at NATO countries and then denials of such actions kept the market nervous, traders said. The short positions are believed to have been building steadily on threats of sales of gold reserves, particularly from the Swiss National Bank and the International Monetary Fund. But the saturation of shorts has many convinced that the market is due for a short-covering rally. "I don't know if anyone knew what to make of the Yeltsin news," said Tony Caen, a gold dealer with Credit Lyonnais Rouse. "But the Commitments of Traders (report) is much more cut and dried. I would expect a short-covering rally. Why it hasn't happened yet, I'm really not sure."