John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (5057)	11/15/2001 2:47:28 PM
From: Yorikke	Read Replies (1) of 33421

John, Gold stocks are falling back again today. There has been a weakening trend which is indicating some 'breaking' in the support for these stocks. Lots of experts are predicting this is the 'major' pull back before the actual beginning of the long term gold cycle upturn. Gold stocks are still up 20+ percent on the year but they have given up 20 points in the recent months. The turn in the general market, the ebbing of the 'we won' euphoria, and some more bad news could be an interesting brew for gold prices and stocks in the next few months.

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