MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: bobby beara who wrote (29085)	10/11/1999 5:43:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Bobby, i was also expecting more of a pullback from gold...but we didn't get it, all intra day pullbacks were immediately bought so far. i still think that's a sign of strength. in any event, gold stocks remain cheap, even if the PoG were to consolidate some more. i believe a probable scenario would be some more sideways to slightly lower in the PoG followed by another leg up...but we'll see. anyway, i wouldn't buy gold call options, much to expensive now. regards, hb

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