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Strategies & Market Trends : ahhaha's ahs

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To: GraceZ who wrote (4627)	6/26/2002 11:48:04 AM
From: ahhaha	Read Replies (1) of 24758

You shouldn't be concerned in the least. The only thing that's bearish is gold. Recently I became unsure about gold establishing a long term uptrend, a position I've held for some time, but now I'm growing very bearish towards gold. It looks like it will drop below $250. I estimate it will take out my 9/1/98 intrinsic disinflationary era bottom. Oil also is in trouble. There are many reasons why oil should hold up, but they're specious. The overwhelming problem in oil is supply glut. That outweighs all the positives.

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