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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (1617)	10/16/1998 7:55:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 81087

I agree with you Bill. It will be the producers who benefit at the start like little old Black Hawk Mining. 26c stock and is producing 120,000 oz/yr Total mkt cap of $30 mill Cdn

To: Bill Murphy who wrote (1617)	10/16/1998 7:58:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 81087

Bill: If you are right on GSR and Ray Demoss is right on DROOY, I should multiply my investment many times over. But the failure of the gold stocks to move today as bullion jumped $2.50 does suggeat the bears still have a lot of fight . BTW, another Armstrong prediction is about to be tested. He stated a few days ago that he expected a sharp stock market rally to squeeze the shorts, then a break to new lows. Well we sure got the rally. But will we soon go to new lows?

To: Bill Murphy who wrote (1617)	10/16/1998 9:52:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 81087

Bill: the latest from Armstrong: Thank you for registering to our web site. No doubt many of you were encouraged when the FED unexpectedly lowered rates. The talking heads on CNBC and CNN have soothed many nerves, but because you took the time to register, we'd like to warn you that the worst may not yet be in. The stock market is still vulnerable to a move to 6500 on the DOW or 844-757 on S&P Dec contract. Incidentally our Timing Models indicate Weekly Panic Cycles for most major currencies. This will likely impact the stock market.. In case you're wondering, a Panic Cycle is a model that tries to predict in advance the probability of an Outside Day (or a day when the range is greater than that of the previous day). We see Tuesday 10/20 and Friday 10/23 as the key days to watch next week. Panic Cycles do not indicate direction, but given that the market is rallying into this timeframe and given that we have a brick wall of 3 weekly bullish reversals at 1125.20 1127.90 1129.40 basis December contract, we believe the upside is limited. Do you really want to riska potential over 250 points down for a potential 50 points up??? Maybe you will want to hold off establishing a Short Postion until you see more evidence of weakness, but you sure as heck don't want to be long going into next week. One broker told us that out of 350 clients he serves, not one person wished to move money from the stock market into the safefty of a money market fund. NOT ONE! If you consider yourself contrarian (which of course everyone does), what does that tell you??? It tells me that the proverbial frog is happy in his jacuzzi even though the temprerature has been rising since July 20th, 1998. It will take a lot of pain to cause the average investor to panic. The average investor,having been long the market for over 3 years, is nowhere near his pain threshold. Perhaps this will not be true for much longer. For a more detailed discussion on the vulnerabilities of the stock market see the new article on the web by our chairman, Martin Armstrong. Go to our web site: pei-intl.com