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Gold/Mining/Energy : Ontex Resources (ONT Alberta)

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To: wharryr who wrote (390)9/22/1999 8:44:00 AM
From: mark warburton  Read Replies (1) of 519
 
Another picture looking much better these days is the price of gold which continues to climb. Up 2 and change over night after an impressive 5.80 rally yesterday. Up now 13 dollars from the 20 year low set a short while ago. Should the markets continue to look weak and the US dollar remain under pressure a significant change in sentiment towards gold as an investment could spark a rally of magnitude. With the current resource at Brookbank estimated to be over 500,000 ounces unofficially and 330,000 officially by Placer you have over a penny a share in wealth created for every 1 dollar rise in the price of gold. Take into account future gold findings and an impressive rally in gold will stimulate a monster increase in the share price of Ontex.
The technical indicators on Ontex continue to bode well with a significant breakout achieved yesterday. Volume proceeds price so look for increasing activity in the stock volumes.
Best of trading and GO GOLD GO!!
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