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

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To: Winer who wrote (5163)6/10/1998 1:14:00 PM
From: John Paquet  Read Replies (3) of 11676
 
Winer; NR from that ECB was out, it was in its history, in fact the yellow metal had long discounted that effect in January 1998. Market is looking for new news that would make sense from now. Today Alan Greenspan NR was just gone as well and in its history, he menentioned at least 6-7 times wages inflatiion is coming up in U.S. economy system, also he hinted no interest rates hikes, still let inflation to run. Gold stablized in its intra day trading prices. It shows very supported @295.00 August contract.

DML is a buy at this level cuz it is much oversold. DML been down from that 3.00 to 1.23 a drop of 1.77, to day hit 1.24 consider the other way,and my analysis for DML: DML bull rally from .75 to 3.00 a gains of 2.25

30% retracenment is .75 @2.25

50% retracement is 1.12 @1.88

2/3 retracement is 1.50 @1.50

Today's 1.25 is .25 far more oversold you see.

I see OUR DML will be closed above that 1.50 this FRiday to say the least, and that open gap will have to be closed in next couple weeks.

Management team of DML is intelligent enough by not announcing the NR and wait for a more appropriate time to do so. That is that NR is pots and pans
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