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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (109)	3/20/1999 10:50:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 851

Dan, Drooy is finding good support at 2.25 here, the selling was not on big volume. I did sell some before the recent debacle. I have rangy also and have noticed it has held up very well here. the deflationery scenario is looking less likely here with the recovery in Japan equity prices. I believe that 9/98 was the bottom for the nikkei and we have had deflationery crashes in Asia and Latin America. We also may be making a 6 year cycle bottom in commodities. there is a narrowing triangle on the xau with the base at 60. if we can continue to hold 60 or just make a slight break and reversal here, i believe we are making a significant bottom. i think there is enough smart money that knows about the SA stocks that will make these suckers outperform the xau. When drooy makes a volume gap across 3.75 and a retest, it's gonna double quick, it might not even retest and just go vertical. bb