MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

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To: bobby beara who wrote (26483)	9/21/1999 10:28:00 AM
From: pater tenebrarum	Read Replies (2) of 99985

Bobby, yep...it looks now as if the decline out of the XAU triangle might have been a head-fake. the BoE auction today gave us a much-needed shot in the arm. the oversubscription proved that physical gold supplies are indeed a bit tight, as the lease rates have been saying all along...considering the massive short position we can probably look forward to a medium term run, something a little more convincing than the recent failed rallies. regards, hb

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