To: long-gone who wrote (31452 ) 4/10/1999 1:07:00 PM From: denekin Read Replies (1) | Respond to of 116796
E-mail from the Taipan list: Maybe of interest: 'Major Bull Run' for Gold... Don Wolanchuk PRESS RELEASE: TOP U.S. MARKET TIMER FORECASTS 'MAJOR BULL RUN' FOR GOLD, OIL AND CANADIAN DOLLAR (Sarasota, Florida - March 3) Timer Digest's 13-time winner of "Timer of the Year" Don Wolanchuk predicted a breakout for the natural resource sector. Gold, oil and the Canadian Dollar are now at the beginning of a "major bull run," according to Don Wolanchuk in a StockHouse.com feature interview. The Michigan-based analyst argued the Canadian Dollar would surpass the U.S. Dollar in value during this rally, but did not say when. Gold will set an "all-time high," Wolanchuk told StockHouse.com. "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." Wolanchuk explained that the growth of democracy and free markets in emerging markets would power "a vast worldwide expansion" that will increase commodity consumption. "Basically, until free enterprise and capitalism die, there's no end in sight." Resource producers such as Canada stand to gain. Wolanchuk proclaimed, "Canada is going to be one of the prime beneficiaries." Wolanchuk clarified why gold would likely head higher, "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." Wolanchuk believes we're heading for renewed inflation. The interview is available online at:stockhouse.com ------------ To unsubscribe from taipanlist, send a message to majordomo@lists.capu.net with the