This from a dude over at kitco...

Goldteck (Don Wallenchuck Report) ID#432286:

This afternoon on T.V., the Stock Market Observer program on Channel 26, The U, out of Chicago, featured one of their regular market timers who also writes a newsletter. His name is Don Wallenchuck ( sp.? ) , and writes the Wallenchuck ( sp? ) Report.When asked what his forecasts were for the coming year ( I believe that was the time period ) , he said that after the Bank of England gold auctions are over, and the next 2 months of gold options expire, that gold will take off and he expects it to go right through $800 an ounce. He also said that commodity prices this year are going to skyrocket ( my words, can't remember his ) , oil is going higher, higher, higher, and interest rates are going to go up and keep going up. He said that all of these things are inevitable and there is nothing that anyone can do to stop them from happening. I can't remember his EXACT words, but, this is what he said, and he meant every word of it. The lady on the screen who is one of their regular interviewers ( she was talking with him on the phone ) , showed a smirk of disbelief as she ended the interview.

-- Andy (2000EOD@prodigy.net), January 16, 2000

Answers

Andy, as I recall, Don Walenchuck has been quite accurate in his forcasts over the past few years. He held on to his Bull posture throughout last year.

Ray

-- Ray (ray@totacc.com), January 16, 2000.

I also believe he uses the Elliot Wave principal as part of his analysis.

Ray

-- Ray (ray@totacc.com), January 16, 2000.

You're right Ray - this guy is GOOD! - that's why I'm paying particular attention to what he is saying... I wonder if anyone here gets his newsletter...

-- Andy (2000EOD@prodigy.net), January 16, 2000.

My my, the greedy little gold bugs waiting for the price to rise while at the same time hoping the greedy stock will tank.

It's all a conspiracy.

-- (What@goes.around), January 16, 2000.

Last I'd heard, England had decided against the gold sale. Anyone care to update a non-player?

-- Hokie (Hokie_@hotmail.com), January 16, 2000.

How much wall can a Wallenchuck chuck....?

-- Downstreamer (downstream@bigfoot.com), January 16, 2000.

...if a Wallenchuck can chuck bucks? ;-)

-- Tim (pixmo@pixelquest.com), January 16, 2000.

Andy.... When exactly is the final Bank of England gold sale anyway? Thanks

-- Rich (rubeliever@webtv.net), January 16, 2000.

Here is a new article by Cliff Drake at the Gold Eagle site:

Gold Due for a Breakout

Ray

-- Ray (ray@totacc.com), January 16, 2000.

Rich, the last Bank of England gold sale is scheduled for March 21, 2000.

Ray

-- Ray (ray@totacc.com), January 16, 2000.

---I understand this "own gold" theory, but realistically, without trading your gold for these fiat paper dollars, you can't buy squat with it, it's useless. When's the last time you went to the gas station to pay for your gas and handed them some tiny chunk of gold? Or walmart? or your phone bill? or groceries? for 99.99999% of the population gold is meaningless, and for the mass hoarders, it's meaningless until you swap it for something practical. Personally, I got zip use for the gold stuff other than it makes dandy electrical connections. I like REAL STUFF, ya know, the stuff you really want after you turn the gold into "spendable" money. I hoard neither gold nor paper cash, it's all crap until it's something you really need or want, a REAL something.

I understand some sort of extreme complicated scheme/scam/analysis that will let someone sometimeframe from now have a theoretical higher amount of this gold metal or paper gold, but until it's "stuff" it's just theoretical, the old "electronic promises of money" that are themselves "electronic or paper promises of a real product or service". And if someone in a big crash approached me wanting to swap some gold for real stuff I had, most likely I'd say no, tough kitty.

just my two worthless copper coins worth, I still highly enjoy reading the threads on a variety of topics that I don't understand. To me, there is really nothing off topic, because it's all connected. Sincerely hope the gold owners make a lot more gold, hope the oil guys somehow wind up with a useable oil refinery and well in their backyard, hope the dot com owners keep running up those video game points. Used to play those electronic games, hate them all now, but at the end of the game, no matter how many points you had, you still had zip. Weird way to approach reality, but I'm nutz, so have fun!

-- zog (zzoggy@yahoo.com), January 16, 2000.

Waiting for Andy's big party....

-- Julie (teachers@favorite.com), January 16, 2000.

Andy,

See my posting on Wolanchuk at your S&P thread above.

Zguy

-- zguy (gold@limitup.com), January 16, 2000.

Ok...then what is wealth? Wealth can be either knowledge and/or physical resources which guarantee "X" number of future days of survivability. Say you are on a sinking boat - what has more value? Holding onto a sack full of gold...or a wooden piano top that floats? So - whatever guarantee's 'X' days of future security for "X" number of people.

So 'all the gold in the world' (or stock) will do nothing about our rapidly deteriorating environment...something that is 'Real Wealth'...clean air, water, topsoil, etc. Another flavor of what Zog was saying above.

Just depends if you are short sighted, or if you look at it over the long run. And by all means, do as you wish...I'm not suggesting anything here at all. Just something to think about.

Steve

-- Steve Meyers (SMeyers33@aol.com), January 17, 2000.