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Attention Business Editor:
Top U.S. Market Timer Don Wolanchuk Predicts Gold, Oil, Canadian Dollar and the Vancouver Stock Exchange Poised for a Breakout Rally
SARASOTA, Fla., Feb. 26 /CNW/ -- In today's StockHouse interview,
Timer Digest's 13-time winner of "Timer of the Year" Don Wolanchuk forecast
a breakout for natural resources sector. Gold, oil and the Canadian dollar
were at the beginning of a "major bull run," according to Don Wolanchuk in
a StockHouse.com featured interview. Wolanchuk predicted that the Canadian
dollar would overtake the U.S. dollar during its rally, but did not say
when. Wolanchuk announced that gold would set an "all-time high" and the
Vancouver stock exchange would benefit from the upcoming commodity
rally.
Wolanchuk told StockHouse, "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." He added during the StockHouse interview, "The fact that
everybody and his brother is yapping about deflation and depression, and
all those bears think it's the end of the world, 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."
When questioned about his ebullient forecast for the Vancouver stock
exchange, Wolanchuk told StockHouse, "It's already started. It bottomed
a few months ago. It ended right into a four-year cycle low -- a rather
bullish Elliott Wave sequence. You look at the VSE and it's compressing
into what we call a triangle. It's like a coil and when it unwinds, it's
going to be explosive. It could come at any day. You've got to remember
there are cycles in everything. You've got a four-year cycle. The
Vancouver stock exchange bottomed, identical to the way the Dow Jones
bottomed in 1982."
View the interview online at https://www.stockhouse.com.
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 web site, where an estimated 10% of Canadian online
investors conduct investment research. StockHouse maintains offices in
the United States of America, Canada, and Australia.
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For further information: Hillary Chiba of StockHouse Media Corporation,
941-365-5719, or hchiba@stockhouse.com
P.S. This could get fun! :):):):):):):)