A Deadcat Bounce Message Board

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Gold/Mining/Energy : A Deadcat Bounce

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To: Ed Pakstas who wrote (43)	11/12/1997 9:12:00 PM
From: Robert Dirks	Read Replies (1) of 97

Looking like the recent attempt at a rally by the american markets may have been a deadcat bounce, as I had suggested. We should know this by next Tuesday, if the indexes go below the level we sank to recently. Asia and Latin america are now near a crisis stage, and this is moving around the world, as brokers have been advising investors to diversify to minimize risk. Personally, im almost out of the market, since even Gold shares offer no haven at the moment (American Barrick was down over $2. to a new 52-week low). Cash and T-bills may be the smartest choice for a while. Good Luck.

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