Global Platinum & Gold (GPGI) Message Board

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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: TATRADER who wrote (5405)	3/24/1998 8:59:00 PM
From: JACK R. SMITH JR.	Read Replies (1) of 14226

TATRADER, I would not be too quick to pull the trigger on long plays in silver, gold, palladium, or the energies here. Perhaps a couple more "reaction" days to the downside in the energies, and more than that in the above mentioned metals. Silver is banging pretty good resistance here and I look for a pullback to about the $5.70-$5.80 area soon. In the energies, I will use heating oil as a basis pulling back to about the$.44-45 area. After that is done, then pull the trigger as your chart dictates. Longer term investors could go long in these at these points also. The markets are adjusting to the "Opec" thing and have to shake out a little. Just my very humble opinion, for what it is worth!! Jack

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