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: Keith Zhang who wrote (689)	7/18/1997 1:33:00 AM
From: Dale Schwartzenhauer	of 1911

Keith & thread, I like the fact that silver made new lows Wednesday that was not confirmed by gold or mining stocks, following which we got a turn to the upside. Anyone heard of Prechter? He's calling for $198-$216 initially, with an ultimate low of $100 gold. As usual, he's allowing for a rally to the $360 level prior to the resumption of what he feels is a final decline that may last 3 years. He held out the expectation of a rally to the $460 - $500 area for 18 months before throwing in the towel in a special report recently. He made a similar call in March 1987, but of course, the sideways correction from 1980 simply continued. Any comments? Dale

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