Gold's Six Month Base Near Completion Message Board

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Gold/Mining/Energy : Gold's Six Month Base Near Completion

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To: Bill Murphy who wrote ()	5/17/1998 5:23:00 PM
From: Tom Byron	Read Replies (2) of 94

For what it may be worth department: I feel that we have an impulse wave coming up this week. Would be happy to see it reach 99 but will settle for anywhere in between 95-99. After that I expect a downtrend in gold and gold shares. I currently expect to not see a bottom until June, 1999. May 25 ends the peak in a 38 and 114 week cycle for the XAU Index. This means, as far as the 114 weeks cycle goes, we have 57 more week down (with appropriate ups and down moves). 57 more weeks down is where I get my Jun, 1999 bottom. For additional info, see Y.Auger's XAU and Cycle chart at mgl.ca ..need to first go to "market wrap-up and then click on XAU and Cycles at the bottom. ...all this IMHO. :)

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