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 (68)	6/8/1998 6:51:00 PM
From: dospesos	Read Replies (1) of 94

Bill: I posted this here in May. Since time was more the point than price, and since August gold never closed a week below $293, we are I think vindicated even if we missed by 1-2 days...;-) "To: K. Andersen (1 ) From: Thomas Drake Saturday, May 16 1998 6:22PM ET Reply # of 68 Our work supports a similar conclusion. Our cycle analysis missed the January low by 3 days. We have a very important cycle nexus for 2-3 June. This could well be a lift-off. Projections run from $340-388 for this current cycle. A weekly close below $293 would invalidate our position........."

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