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

To: the Chief who wrote (2343)	5/27/1998 10:22:00 PM
From: Ward Nicholson	Respond to of 8117

Chief: Hi Ward. OFF TOPIC The Swiss are thinking they should float there currency. If it passes tonights vote, then the Swiss intend on selling 1300 metric tonnes of Gold! Could be the catalyst this market has been dreading!!?? Maybe the catalyst for the gold and silver subindex on its own, but for the major indices I think it's a game of monkey see monkey do in relation to the asian markets. If the asian markets continue to fall, it's gonna get real ugly real fast here. I'm betting that we'll see a short-term bounce and then a downtrend into summer. I thought one analyst said it very well...the next 72 hours in the asian markets are critical for the rest of the world. ...not to mention the sh*t happening in Russia now. WN

To: the Chief who wrote (2343)	5/28/1998 1:02:00 AM
From: Ward Nicholson	Respond to of 8117

Chief: Looks like we'll have the luxury of selling into a small rally before this correction starts. Hang Seng is up, as is the Nikkei. I can see the TSE300 heading to 7000 before its over (major support level). This correction should last right through July before any turn shows up. I can't think of a better time to short the market than on any rally. That's my opinion only. I think there's lots of money to be made trading this market. WN