Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Paul Shread who wrote (6670)	1/22/2002 3:37:18 PM
From: isopatch	Read Replies (1) of 36161

Was it Vitas (on SA II) who posted gold cycle work calling for a decline into April/May? Noticed last week the consensus on gold went to 70% bulls from 61% the previous week. That's very optimistic sentiment for any chart breakout to yield a lot of follow through on. And finally one other item from my own experience with gold stocks in the 1970s that I've not seen mentioned is that penny gold stocks usually have a big rally at or very near the end of Intermediate uptrends. JMVVHO fwiw. Not a bear. Don't advise anyone to short against a LT primary uptrend. Just standing aside for the moment. Isopatch

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