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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM)
AEM 160.04+1.0%3:59 PM EST

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To: Robert J Mullenbach who wrote (881)5/28/2000 11:32:00 AM
From: Roebear  Read Replies (1) of 1612
 
Robert,
Do you subscribe to securitytrader.com also? I just looked at their charts. Weekly charts are done, the daily charts tomorrow.

Those charts don't look healthy! Glad I'm not in index funds for the last few months or maybe the next couple!
That is a bunch of head and shoulder tops, many with broken necklines and targets most would not believe. I am not Big Kahuna bearish, but being in gold stocks right now should be a reason to sleep well. Even the OSX looks like it could break down, with no FA reason for it, just the weight of the other indexes.

If next week is nasty for the markets, I would not be surprised to see the PTB (Powers That Be) lean on gold heavily. We could see a capitulation bottom in gold stocks, for which I am saving dry powder. Your cycle guy says late June, my cycle guy late May.

We will soon see,

Roebear

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