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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)

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To: Michael Markham who wrote (149)5/16/1998 10:26:00 PM
From: John Paquet   of 350
 
Hey Michael, I agree with you 100%. Like everybody else, I like WRM for good many reasons that I need not to repeatedly mention them. WRM is doing very well right after mid-December, 1997, its trading range being right @.25 to .30 (Steve was damn right best buy at that time.]
then WRM moved up its trading range to .30 to .40 from late December to April, and then that Gold hit $315.00 ; WRM responded in late April by upgrading its trading range to .45 to .50 but that gold retraced for the last 14 days until last Thursday it showed interesting trading patterns [ detailed see my reasons on Cartaway thread.], during this last 14-15 days, gold dropped from its $315.00 to that below $300. at low of $295.90 and rallied back strongly to $304.00 and closed $301.70 June contracts. WRM responded to this POG dropped down to .40 low.
You can see this trading ranges have been moving upward; it tells me that this is a up trend, prices keep moving upward. And that gold prices will do very well this 1998 [reasons see Cartaway thread]. I expect it will go up to that $365 by the end of this September. WRM $1.50. IMHO!!!! ,too

Regards,

John....
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