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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



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