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Welcome to USAGOLD's "Gilded Opinion" pages. We invite you to browse our index of outstanding gold-based commentary. Each article or essay is selected on the basis of its long-term relevance for understanding the role gold plays in the individual's portfolio, the overall political economy, or both.
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'Major Bull Run' for Gold
by 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.
by Don Wolanchuk
March 5, 1999
The interview is available online
at:
http://www.stockhouse.com/interviews/feb99/022599_timing.asp
StockHouse Media Corporation is an Internet financial media information service company providing breaking news about North American stocks via their Internet publication, StockHouse.com. With nearly one-half million visitors per month, StockHouse has emerged as a leading, online, global financial content provider. A subsidiary, StockHouse Canada, is the #1 Canadian financial website, where an estimated 12% of Canadian online investors conduct investment research. StockHouse maintains offices in the United Sates of America, Canada, and Australia.
Reprinted by USAGOLD with permission. No further reproduction without permission from StockHouse.
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