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Gold/Mining/Energy : ASA Limited

ASA 57.86

+0.5%

Dec 12 4:00 PM EST

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To: re3 who wrote (13)	11/14/1999 3:11:00 PM
From: Dale Schwartzenhauer	of 17

ASA has been a stalwart for gold investors and speculators for over 25 years. It has the advantage of trading options for those so inclined, and it also pays a dividend, for the conservative folks. Of course, it tracks the gold market exceptionally well, even in advance of bullion's moves. If gold can hold above $284, ASA should also be at its low and ready to romp on the upside. I feel the next move in gold should see either $365 or $435, the former being the final corrective advance in a bear market, the latter an impulse wave (#3) in a bull market that started around $252. If gold stalls at $365 + or - $5, watch out below! Dale

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