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Gold/Mining/Energy : Royal Oak-RYO

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To: RagTimeBand who wrote (943)	4/22/1998 9:11:00 PM
From: Thomas P. Talbot	Read Replies (1) of 1706

At the end of a Bear mkt (copper) the reasons for the down turn are self evident yet the price action contradicts the same. Watch the weakness in the USD which I believe has to become much more dramatic based on the fundamentals.Copper is at the beginning of a major upturn, I believe, versus the USD. The price action is telling you that the surplus stories are disinformation in comparison to the real fundamentals ie too many dollars in comparison to copper.

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