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Gold/Mining/Energy : Alta Gold -- Ignore unavailable to you. Want to Upgrade?

To: Gary Green who wrote (423)	1/25/1998 5:35:00 PM
From: Francois H. Gaston	Read Replies (1) \| Respond to of 749

Gary: I think your scenario is quite possible. Gold could surge like mad Monday. Asia and Europe will be key tonight. You probably have that link... bloomberg.com The threat that the US might strike Iraq (if I read ongoing news correctly) seems to me reminiscent to the movie now playing: "Wag the dog".... The White House might want to reaffirm its might by fiddling around somewhere else in the world... And that could stabilize the market a bit. But I think that the US market has tipped. If it looks like a bear, snores like a bear, then it could a big bad bear! May be I am too pessimistic. There is still a lot of money trying to go into the market, and the US market is still better than many other places. If you have some money left on margin, more gold investing (although some say that goldstocks go down during a crash... but gold is allready down this time) could help and shorting some stocks could be a great idea. If I was not in gold, I would be heavily short at this time. The DOW candlestick chart looks awfull, and the recovery Friday was a fake, IMHO because this was still a down day. DOW 7500 Monday is a possibility... After a crash, there is some good rebound here and there. Asia could rebound before the US. Therefore deadcat bounces is when to sell. But if it is a big bad bear falling, those might not rebound well!. The best place, tonight, seems to be gold positions: I am not sure. I just speculated on it. Nobody really knows what will happen Monday. The mood is somber, in general. But the average investor "will be long". Not enough pains suffered,... yet. Good luck. Gaston