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 (1240)	6/24/1998 5:21:00 PM
From: Bo Bob Brain	Read Replies (2) of 1911

Every time I see Boris Yeltsin, he appears to be saying: "KILL MOOSE AND SQUIRREL !!" Still looking for silver to decline back to the $4.92 area. We have the July contract coming up for delivery early next week, traders have to get out of that contract. That could bring us down one more time to that low. The next sharp low in the precious metals could coincide with one more new high in the stock index futures. We have to look at the dollar, will it go up or down? Don't see any reason for the dollar to go down any further. With the stock market gaining momentum now, we could see more people coming into the dollar, which will put more pressure in the precious metals, short term. At 141 for the Yen, the question is when will the central bank come in again and start intervening? If the stock market goes up sharply tomorrow, that could have a negative impact on the Yen.

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