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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: sam_o who wrote (56990)	7/21/2000 3:19:10 PM
From: Crimson Ghost	Read Replies (1) of 99985

I do not have a crystal ball. If I did I would have quit following gold years ago. The technical action remains horrible. Every attempt at a rally is squashed within days. The XAU just made a 12 month low and is down again today even though POG is up a little. As for PD, CAT, and PG, I bought them strictly because they had all dropped sharply, are high quality stocks, represented good value, and appeared to be bottoming out. And they are not branded with the golden curse.

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