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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (20709)	7/21/1999 5:00:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 99985

Haim, Yes this supports the thesis of a near term rally in gold. I did my first buying of gold stocks in 12 or 16 months this morning. I think the weakening of the dollar has as much to do with a gold rally as anything else. The Yen has not been able to get through the 117-118 level since march, it appears that this level is ready to be pierced and a move to 110 $/yen should be the first stop , and a move to 100 $/yen looks like where we shall be in 3-4 months.