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Special Situations for SMART INVESTORS

Why Gold?

The long-term picture

The long-term chart clearly shows that gold has moved into a solid up-trend which started in April 2001 and which does not show signs of weakness. In fact, the gold price is pushing towards the break-out at the resistance line around $ 325.

The medium-term picture

Medium-term, the gold price has gone through a consolidation since June which is normal in a long-term up-trend. The chart also clearly shows that the gold price is relentlessly pushing against the resistance zone around $ 325.

The short-term picture

The short-term trend is UP. It is pushing against the resistance zone at $ 325. It may take a few days, weeks or months to succeed, but eventually, the resistance zone will be overcome.

How to participate in the unfolding bull-market in gold

If you wish to receive our Follow-ups on above recommended gold shares, simply register at www.pzim.com.

Yours sincerely,

Peter Zihlmann
www.pzim.com

or email to investment@pzim.com


November 7, 2002

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