MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: bobby beara who wrote (34153)	11/24/1999 11:16:00 PM
From: Rarebird	Read Replies (3) of 99985

<Oil and Gold are about to go ballistic> You may be right. But that will depend on how the BOE auction goes this coming Monday. If this auction can get as oversubscribed as the last one with a few producers stepping up to the plate to buy, watch out above: $375-$400 is easily doable. We may even challenge the 93 high of $422. This is the last auction before the Millenium and the much talked about Y2K bug. It's time for Gold ( and the producers) to put up or shut up. Watch out below if the results of the Auction are disappointing: $270-$275 is possible. The reward sure outweighs the risk here. BWDIK

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