Donner Minerals (DML.V) Message Board

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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: Mr Metals who wrote (4603)	5/19/1998 6:58:00 PM
From: John Paquet	Read Replies (1) of 11676

Mr. Metals The next area play is till in SVB +VB areas. Gold is downed to this low; where the 'ell could fund that $14.7 millom for drilling activities??? SVB only. Today, gold was breaking out that that $300.00 to $300.80 range and touched $301.00[ I said only a touch .] then fund liquidiated the very last 20 minutes at 11:10 PST. driving that gold downed to $299.00 and closed at $299.30 June contracts. {of course, these are included future day traders dumped their open contracts at market at closed MOC} From 11:20 PST DML breakout 1.95 then breakout 1.81 then hit 1.62 and closed at 1.66. You see mining stocks are exactly followed the yellow metal in the market places. My analysis from here is: DML had rallied from .75 to 3.00 [2.25 gains] 1/3 retracement is .75 @2.25 50% retracement is 1.13 @1.87 2/3 retracement is 1.50 @1.50 Buy at today's closed price or wait for that 1.50 to come, but you may at risk not get it. Buy at this level and set stop loss at 1.45

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