Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (38973)	6/13/2000 6:40:00 AM
From: long-gone	of 63513

IMHO, far to many watch the XAU or a single (or maybe two) without charting both of the underlying metals. I listen to an older friend which says the repeated failure of gold to be pushed down to the projected (by the big short houses)$250-255 and non-broken retests of the $268-270 range combined with failure of silver to break below 4.92 shows an ALL TIME low. There are many in super "gold bull" camp which are looking at next 20-30 years up with a break of the last prior highs(some are saying $1600). To a lesser extent the last 10 years & in the extreme the last 3.5 years have been an anomaly. I have on tape where John Murphy said on CNBC over a year ago he no longer charted gold because he believed price was being manipulated. From what I can see, your strategy will work until gold breaks $330 in a move which coincides with a move in silver above 5.20. Movement yesterday & overnight says this might happen with in 2-3 days or it's a FAR longer wait.

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