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To: BigBull who wrote (38523)	2/28/1999 9:27:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

<<...all those bears think it's the end of the world... >> << everybody and his brother is yapping about deflation and depression>> *** He must have been reading the Invest LTD thread <VBG> ! Damn; I love to read that in print ! Finally - someone gets it... This guy speaks my language...<VBG>. -- had to cut & paste the best part ! Wolanchuk: << 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. >>