At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Bo Bob Brain who wrote (688)	7/18/1997 12:34:00 AM
From: Keith Zhang	of 1911

Sure, there is no reason to conclude this is a turning point, but twice gold hit 315-318 range and start to bounce back. Obviously the selling fund think it is a good point to take profit. I expect more shorts to attack again in the next few days, but $318 provides a reasonable support point if there are no more major negative news (like CB selling). If the shorts can not push the price below the point this month, I would say gold has great chance to rally because in August the commercials demand will be back, especially from Asia (such as India). If this stock market start to correct in August, that would be even better for the gold and silver. regards, Keith

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