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: Charles P. Hubbard who wrote (41335)	2/25/2000 2:20:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

CPH, the possibility exists that the gold price will attempt to close a gap dating from September in the 270's. however, i believe this is a fake-out, shake the tree move and should indeed be used to pick up some gold stocks. many producers caught in hedges will use this Godsend to close out their hedge books. watch for relative strength of the XAU vs. the PoG...as soon as that's evident, one can go ahead and buy imo. note that there are some analysts (e-wavers mainly) that expect an eventual drop of the PoG below the 200 level. i disagree with that. i believe we have seen a secular low last year. regards, hb

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