7/12/02
Hi,

Nothing goes up or down in a straight line. It appears the Dow and NASDAQ are about to experience a "summer rally." We should rally about 10% to 15% (Dow and NASDAQ respectively); then head lower - back to our target of Dow 6000 and NASDAQ 1000.

The economy continues to be in neutral, and we continue to see a lack of business momentum.

Add to gold purchases while gold stays at present or lower levels. The gold stocks to look at are: Newmont Mining (NEW) & Barrick Gold (ABX), senior producers - junior producers Bema Gold (BGO) & Canyon Resources (CAU) amongst others.

For those who have continued to ignore my advice , please set trailing stops during this rally, or else.

Arnold
- posted by Arnold @ Friday, July 12, 2002