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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: Alex who wrote (3184)	11/16/1997 12:51:00 AM
From: Gary	Read Replies (3) of 116836

Alex, I E - mailed Yager who writes the weekly Elliot Wave Theory site information. Here is the text of his reply : "The first impulse wave I referred to is for Gold. It can be labelled as wave A of A - B - C zig zag that would eventually carry prices between 200 - 100 . If we are right the upcoming rally would be wave B of the zig zag and could be very difficult to project as B's are often very complex. But a move bcak to $335is most likely and $365 is also possible. This B wave can last many months so don't expect to see the C wave before the end of 1998 if not 1999. Just accumulate cash ( and courage) to be able to buy GOLD dirt cheap because once this zigzag is over we do expect GOLD to go back over $800." If you look at his site every week as I do these comments help me to understand the theory and weekly comments. The Elliot Wave theroy has of course been around a long time. His comments over the last number of months have been pretty good and fairly accurate. His rise to over $800 and the approximate timing is consistant with P.E.I. and a few others. I hope this site is still here in 1999 and if I am I'll still be hanging in.

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