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Strategies & Market Trends : Strictly: Drilling II

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To: gold$10k who wrote (13341)5/28/2002 6:14:00 PM
From: TrueScouse  Read Replies (3) of 36161
 
vt:

Everyone seems to be dumping on George for suggesting a correction -- but he may have the last laugh :^)

Personally, I've been expecting a pull back for a week or so and I'm now about 30% cash. I've been looking at $325 to $326 (London pm fix) as the resistance. On the monthly cash chart, this was not only the October '99 high but also the March '93 low. It's still not been taken out. I'll be surprised if the POG goes straight through this and up to $350 without a fight here.

BWDIK -- maybe it will soar in London tomorrow! If so, I'll be happy! If not, I'll also be happy -- and buying on the dips.

Regards,
Howy
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