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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (2125)	2/3/2002 7:25:16 PM
From: The Vet	Read Replies (1) \| Respond to of 16631

DROOY is pushing up against resistance at about $2.03. However it did trade good volume up to $2.05 intraday on Friday and I expect that when it breaks through this level the next resistance in just under $2.60. Watch the price of gold and the SA Rand. Because DROOY is highly leveraged to the price of gold even modest increases show up positively in the DROOY price. DROOY's expenses are predominately in Rand so a weakening Rand improves their profit margin and of course vice versa. If the bull market in gold really takes hold then all bets are off in respect to resistance for DROOY. In that event I will simply follow the rise with "not to close" stops and enjoy the ride....