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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
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To: Keiv who wrote (1165)7/5/1999 1:22:00 PM
From: Harry K  Read Replies (1) of 1348
 
Some movement expected shortly as UKH begins talks with overseas buyers of their concentrate, and who may be bearing the required funds for startup. Technically, their chart on canada-stockwatch.com shows a descending triangle - which is usually a precursor to a breakdown in the current support price - in this case - around $0.14!! However, if the rumored arrangement can be made, this stock is heading easily for $1.00 + .

Also, I think base metals are turning around right now, and silver has already done so - but gold may have one more downleg before following the pack! Optimism is rampant as the Asian economies come charging out of their recent collapse - with a vengeance!!

Having said all this, although UKH's chart suggests caution at this point in time, today's upwards movement, combined with the Asian recovery well before expected times, suggests NOW may be a good time to start loading up on this one!

Harry K.
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