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

To: Bill Murphy who wrote (3737)	2/26/1999 11:27:00 PM
From: Gary	Read Replies (1) \| Respond to of 81838

Bill, I thought this item was interesting . Who knows if he is right or not and I'm sure some of his forcasts have been tested but all the same? I'm no particualr fan of his but thought it was of interest and he has been a bear in the last few years. Sure a lot of chatter on this thread .Hope we can stick to some good facts,charts, waves etc. Gary Don Wolanchuk is a wave theorist with an impeccable track record, dating back to his August 21st 1987 Sell Signal of the DJIA and December 4th 1987 Buy Signal of the same. At various times, Mr. Wolanchuk has been named Bond Timer of the Year, Long Term Timer of the Year, Gold Timer of the year, and Timer of the Year. He has been bullish for ten years and is ever more bullish today. Mr. Wolanchuk is very easy to access and you can do so by calling 1-800-511-0781 from anywhere in North America and 810-776-7555 outside of North America. Wolanchuk delivers timing advice on an $8,000/year hotline or through a $2.75/minute 900#. Visit his website at www.wolanchuk.com Many consider Wolanchuk one of the most accurate market timers in the world. He is frequently quoted in major U.S. financial magazines and newspapers. He lives in a suburb outside of Detroit, Michigan. STOCKHOUSE: Where is the DJIA going to close out the year? Wolanchuk: We are in the mother of all bull markets. Where it closes out at the end of the year is really of no import. The end result is, if you're not in the stock market, you're not going to make a dime on the upside. And if you waste your time, looking for the final top of this bull market, and even if you did, what have you accomplished? You've accomplished nothing. SH: What about the bearish elements that are frightening away investors? Wolanchuk: Let's face it. Those who aren't in the market probably will never get in. They're waiting for a pullback. We get these pullbacks and yet when the market pulls back, it's so frightening that the bears say, "Oh, this is the beginning of the end of the world!" Then, the market goes straight up. SH: Where is the price of gold going? Wolanchuk: In my view, gold has finished a 17-year bear market. It's ready to blast off. Gold will probably take out the all-time high. If you're going to have a stock market that's going to crazy on the upside, it's going to discount an economic explosion. You can't have that without inflation. With inflation you're going to have this huge runup in all of the natural resource sector. The fact that everybody and his brother is yapping about deflation and depression, and all those bears think it's the end of the world, everybody hates gold and all the metals and all the commodities. You can't have a bottom until everybody is out. And everybody is out of the gold sector. The Vancouver stock exchange, which is a natural resource sector, is turning up rather nicely. SH: You actually believe the Vancouver stock exchange is going higher? Wolanchuk: Oh, absolutely. It's already started. It bottomed a few months ago. It ended right into a four-year cycle low - a rather bullish Elliott Wave sequence. You look at the VSE and it's compressing into what we call a triangle. It's like a coil and when it unwinds, it's going to be explosive. It could come at any day. You've got to remember there are cycles in everything. You've got a four-year cycle. The Vancouver stock exchange bottomed, identical to the way the Dow Jones bottomed in 1982. SH: How about the natural resource sector? Wolanchuk: We bought front-month crude oil futures on the recent low. We're at the beginning of a major bull run for oil and the Canadian dollar. I think the Canadian dollar is going to above the U.S. dollar. If you look at the Sydney All Ordinaries Index, this thing is going crazy on the upside. The fact that everybody and his brother is yapping about deflation and depression, and all those bears think it's the end of the world, everybody hates gold and all the metals and all the commodities. You can't have a bottom until everybody is out. And everybody is out of the gold sector. SH: What about the rest of the stock markets for this year? Wolanchuk: We may got into a funk in preparation for the big explosion in year 2000, because everybody's seemingly ready to liquify themselves in front of Y2K and that's a possibility. Once they see that it's not the end of the world, there would be such an explosion of stock buying, the market would go crazy to the upside. But, whether it happens this year or next year, there's no doubt in my mind. SH: Where would one invest to take advantage of this economic boom?