At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Alan Whirlwind who wrote (1137)	4/30/1998 5:02:00 PM
From: Bo Bob Brain	Read Replies (1) of 1911

Unfortunately, no. Especially after today's action in gold and silver. If we gap lower in gold, we'll leave an island top which would not be good. Technically gold now looks weak. In the next 3-4 weeks as the stock market moves higher gold should move lower. But that would set up some GREAT buying opportunities in gold. Time will tell. Silver reversing down from $6.34 to $6.22 is also a negative. Time to short platinum. Stock market volatility = opportunity. Euphoria in stocks now. Once we realize the party is over, we'll already have a hangover. Bro. Some confusion in todays closing prices. I have June gold closing down $3.70 to $307.90.

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