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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject10/29/2001 5:00:47 PM
From: gold$10k  Read Replies (1) of 36161
 
From Leonard Kaplan's gold commentary...

"I continue to recommend following the commercials in this market. If they are buying, long positions should either be accumulated or held. A very sharp short covering rally could possibly be in the chart based upon further news events. I do not see much of a chance of sharply lower gold prices based upon the facts that industrial and commercial buying has reemerged, to some extent, under the market.

Furthermore, the technical indicators that I follow are about as positive as I have seen in a very long time. I have one proprietary technical system that gives me a signal only a few times a year, but it tends to be remarkably reliable. And it is flashing at present. Specific recommendations are listed below."

thebulliondesk.com
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