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Strategies & Market Trends : MDA - Market Direction Analysis

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Dec 11 4:00 PM EST

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To: Benkea who wrote (22979)	8/13/1999 1:41:00 PM
From: John T.	Read Replies (3) of 99985

Speaking of GOLD, I was reading a William O'Neil's book, How to Make Money in Stocks, last night. (Don't laugh, I'm a novice!) As you know, Investors Daily Business ranks 197 Industry Groups by relative strength. I was reading about this in O'Neil's book when I ran across this passage: Before concluding this section, you must know that the gold group moved into the top half of all 200 industries on February 22, 1973. Anyone ferreting out such information received the first crystal clear warning of the worst market upheaval that has occurred since 1929. p. 229. In today's, IBD the Metal Ores-Gold/Silver Industry Group is ranked 102 out of 197 (1 being the highest). This puts Gold near top half of all 197 industries. I've only been following the market for a short time. Has this ever happened before? What significance, if any, do you attribute to the high relative strength of gold?

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