At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Dale Schwartzenhauer who wrote (648)	7/8/1997 10:24:00 PM
From: Bo Bob Brain	of 1911

We have not yet reached a bottom... however, we could be in for a significant rise in the short term. It will establish a great opportunity to get back on the short side. Precious metal prices were supported Monday night by the absence of any new central bank selling. This allowed some short covering and profit taking, lifting prices higher in the afternoon. We have not yet seen the fundamental or technical picture in the precious metals that would establish a significant uptrend. Most likely we will see another set of low prices to establish a FINAL BOTTOM. A rally will be a good selling opportunity.

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