CARMANAH RESOURCES LTD ( CKM - TSE ) Message Board

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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE )

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To: saif who wrote (198)	6/14/1998 5:12:00 PM
From: Orwell	Read Replies (1) of 269

<<If Orwell keeps predicting at this rate of success he will be in his way to be the next Warran Buffet :-) :-) >> Well, if you've been following my advice you won't be in for a surprise when you come back from your trip. Sorry to say that CKM has gone even farther south than you. When will people begin to learn that Orwell has always been a great predictor of the future, even since I wrote 1984. Anyway, as predicted oil and gold still falling. Other summer predictions: Yen will continue to fall, C$ will continue to fall until Bank of C raises interest rates, all world stock markets will continue to fall except U.S. which will rise and fall in a 10% trading range. U.S. citizens still plowing into the market, so this will continue to unrealistically hold it up until world events worsen. Bond will be attractive for their coupons, but will be hard pressed to continue gains since the yields are becoming inverted, fixed income offers same rate without risk. If you still want resources, only 2 special situations come to mind: - WestCastle energy trading for $5.15 with a dividend of $0.80 - Farallon trading at or below $3 O.

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