Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Crimson Ghost who wrote (59821)	2/5/2000 12:38:00 AM
From: Gary Burton	Read Replies (1) of 95453

fwiw re Gold---which may not be much depending on one's perspective and cyancism ---Prechter's group is tonight calling this a false rally which may go a little furthur but 'ultimately' (within a few months at most and maybe much sooner) the XAU will resume its downtrend and take out 49-----with gold eventually breaking 200 a number of moons from now before the long bear market is finally over, although it may currently test 350 before it starts down again.---since I have no interest in gold and couldn't care less what it does (since it has never made any rational sense to me), I only post this in view of all the much maligned gold bugs out there who have just left another Revival meeting convinced that "she's finally turned"--- Yes I know the Bulls will all scoff at Prechter (although he has been right on gold for several years now)--but hey when one's juices are flowing and one is all lathered up, that is of course understandable.----brought to you by the guy who bought MDR at 18.25 (ouch) which proves that the above should probably be taken with a grain of salt---as i say, it all depends on what one wants to believe I suppose

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