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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who started this subject3/26/2003 8:02:35 PM
From: Frank Pembleton  Read Replies (1) of 36161
 
Oh!!! lookie lookie...Sinclair finally sent me some spam-- the question I have is, can you call the bottom when you have the inability to call a top?

Regards,
Frank P.

...from Mr. Mineset himself:

Yesterday's AM and PM fixings have impacted the internal figures of gold with sufficient strength to warrant the establishment of a final bottom in the price now or in the very near future.

However, as my associate Kenny Adam says, the form of the bottom will be a move first into a sideways chop rather than an immediate hard move upwards.

Rather than fearing a sharp fast move into the $321-$325 area, such an occurrence would seal the bottom based on a very hard internal shift from the Cartel in command to the Asian/Islamic interest which is the bull factor in gold.

The time factor is extremely near term and the figures for the general equities markets and the gold market support this hypothesis. This is a rather unique potential and we will examine its implications in a future writing.

Conclusion:

You are on the threshold of the end of this gold reaction and the beginning of a new bull phase. Those of you who have liquidated your gold positions should stand ready to replace them using the stop-go and overhead resistance areas already given to you.

We will make a complete review this evening.

Kenny Adams & James Sinclair
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