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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (9892)	11/30/1998 11:22:00 AM
From: John Paquet	Read Replies (1) \| Respond to of 11676

Hutch; American's Turkey holiday is over, I hardly get up so early to watch the market or SI talks. Today is different a bit. Well; Well!! dow down 106.59 at this moment, gold Feb contracts also down $2.00, NASDAQ down 30.29, DML down 1 with heavy bid though; I think it will gain support right this range .31-.33; and then a burst out top-side with more 1 million voulme at least, I watch that dml's approaching that .37 .38 area with significantly increasing trading activities and larger volume; that would be a good signs etc. I appreciate your work on that Gold chart and your bearish analysis; however; there are several questions remaining in my concerns for examples: 1. Despite US dollar strongly rebound from 91 to 96 US dollar Index, and despite that Oil price trading below $11.00 and despite that CRB index trading below that 200, gold still hanged in very tough. 2. When I saw that deflation threat hit the market dow down to 7500, gold down to $272, US treasury Bond up up to sky high in terms of price, drove that t30 to 4.75% a record low in that long term interest rates. 3. Although dow now down 120.75 at this moment, dow did come back strongly from that bottom of 7500 to record hi of 9374 indicating global deflation is not a threat anymore also indicating there is no recession in the US economic system. {i am so glad that i could close my OEX Call contracts or else i would make less as you know that value of option will drop like a rock in no time when that upward momentum disappearing. good luck for your TIPS call still though!!!} 4. It is my experience that during the last Q of the year demanding US dollars is pretty strong, I see this retracement of Dollar indexd is a correction pattern not a long term up trend pattern due to last Q. 5. If that t30 will not hit that 4.75% or lower, and if that Dollar index goes down south, and there is no any deflation threat, I see gold will break that $315 by first week of January, 1999 as a kind of January rally type. John Paquet PS1 good luck to you and HIGH profits, too PS2 I heard CNBC guru forecasting dow will hit 12,000 even more bullish than you are. but I also heard before when gold hit $800, lots of guru forecasting gold will $1,000 or $1,200 U.S. but you know who is right ?????