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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.82

-6.4%

Dec 29 4:00 PM EST

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To: Crimson Ghost who wrote (12188)	5/26/1998 6:02:00 PM
From: bobby beara	Read Replies (4) of 116834

We should bounce from here, this was the capitulation day I was looking for, but stronger than I thought. The strength of the bounce will determine whether we are in a bull market or we have one more leg down to 52 a lot of t/a ers are calling for. I was buying mining shares today. Looking at the Mexican Peso chart, just broke out of a 4th wave triangle and is soaring to a fifth wave top. Latin America is next in the FIATSCO wave. CRB may have had a capitulation day and could get a bounce across the board on commodities. We'll see if Gold decouples. I believe we have the start of a descent correction going and possibly the start of the first leg of the big kahuna. bwdik, bb

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