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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

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To: Brian N L who wrote (1190)3/18/1998 4:16:00 PM
From: bobby beara  Read Replies (1) of 34075
 
Brian, there are lots of things that could effect the POG, hot US economy -lowest unemployement since 1970, money supply dramatic increase, y2k, death of Yeltsin, war in middle east, Greenspan retires yadda yadda yadda.

Sometimes by following technical analysis you can predict that one or any number of these kind of events may happen by watching the crowd behavior reflected in charts. That way you can be one step ahead of the crowd.

The most striking evidence that we may have hit bottom is the extreme vertical nature of the panic sell-off from October - December 8th and the extreme bearish sentiment. I remember watching interviews of Gold Fund managers at a show a couple of months ago and most of them weren't buying and were in mostly cash & short -ggg- However, there is a possibility of one last sharp spike down to make a V bottom (that might have been Jan 12th though)

bwdik
bobby
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