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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Kenny who wrote (3007)	5/23/1998 3:22:00 PM
From: Claude Cormier	Respond to of 34075

<< Do you have any idea of the gold market right now? Are they going back up soon? >> That is the big question. Long term I thing gold will go to new high probably near $2000. Short term, we are in a rally since early December. I think this move is part of the consolidation forming the bottom of the long term bear that started in 1980. We will start moving higher in the second half of 1998. The EWT followers believe that the current rally is a bear market rally and gold is about to resume on the downside and will reach later this year a price below $200. They think as well that gold will go to $2000 within the next 3-5 years, but we must first see a final washout. Were is the truth, I don't know.

To: Kenny who wrote (3007)	5/23/1998 5:10:00 PM
From: chirodoc	Respond to of 34075

<<<<Do you have any idea of the gold market right now? Are they going back up soon? Thanks! ...gold market is weak. there has been regular selling out of the far east to pay for their past mistakes. european central banks may or may not use gold to back up the euro. ..in short it is probably stable because there is little likelihood of inflation (deflation is possible) or a dramatic increase in gold prices. expect a narrow trading range for gold for the next few months at least. curtis