John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Yorikke who wrote (6754)	9/11/2002 5:00:20 PM
From: Davy Crockett	Read Replies (1) of 33421

'cuse me? <<Gold is on the edge of some heavy weakness in its cycles. Right now is not the time to invest>> Thats quite funny... GOLD was actually "quite heavy" towards the end of June. Monthly, weekly charts suggest otherwise. U r correct if referring to daily/ hourly or shorter time frames. I would suggest that the various indexes (except XAU & HUI) r on the cusp of a very nice bear market rally. So, as u suggest GOLD will have some competition in the short-term. Longer term is a different story... IMHO. I'm buying GOLD on weakness & will play the general equity rally Regards, Peter

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