Hi, Michael. I've been here, reading, musing, just not posting. I'll check on the link, so thx for heads up.
I play both sides of the gold market, long and short, stocks & futures, plus physicals. All I am interested in is movement, since price movement is what it takes to make money.
I'm not currently in ABX, long or short, but if I was to be tempted, it would be in going long the below 18 area again.
Range bound markets are great places to make money, since trending markets are only identifiable about 20% of the time. Go w/the flow, as I suspect the 278 level will hold for the time being.
The 3 kickers which I suspect will knock gold out of its current trading range are:
1)Clinton Impeachment which I expect an effort thereunto prior to 7/98
2)EU membership selection 3/25/98 and subsequent fractional gold reserves announcement around 1st wk May 98
and
3)Burgeoning Y2K problems and ramifications of same which are only bound to become more horrific as Y2K approaches.
Have a nice weekend.
O/49r |
