Gold's Six Month Base Near Completion Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Murphy who wrote (9)	5/18/1998 1:09:00 AM
From: bobby beara	Read Replies (1) of 94

Bill, from my elliot wave analysis, I believe you are absolutely correct. January 12th was the climax of a tremendous capitulation sell-off in gold and mining shares. Given the current state of floating currencies and world financial and political problems, I expect the flight to quality to the dollar to end as the money pours into "safe haven" dollar denominated assets at a tenable market peak in the dollar and the equity and bond markets setting us up for necessary devaluation of both. As gold has shot up vertically in rupiah, baht and won, so will it in the dollar and it will become the safe haven store of value that it has been since the beginning of man. I agree that gold is set to make a marked move within the next few weeks, and that will only be the beginning. bobby b

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next