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Strategies & Market Trends : Galapagos Islands

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To: gypsees who wrote (1564)	9/23/2002 3:17:28 AM
From: AugustWest	of 57110

....We still have a potential delivery demand for bullion on 1,000,000 oz. on outstanding OTC and listed October $310 and $315 calls. With 4 of the total 5 basic building blocks (fundamentally for a long-term gold bull market) in place, if the US Treasury Market flounders even a bit, gold could rocket higher. Then all 5 fundamental building blocks for a long term bull market in gold would be in place and that gold bull market would be running hard on the upside. The dollar rally has been the deadest of dead cat bounces and could drop back and below 104 on the USDX any day. That would bolt gold higher. Who said this is easy? Conclusion: Stick with TA. Tighten up your arithmetic Power Up Trendlines and French Curves. If the gold shares Monday trade below the lows of Friday, or move below those, tight up trendlines, lighten up. That is pure discipline because in my heart, I smell Victory very soon. financialsense.com --------------------------------------------------------------------------------

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