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Gold/Mining/Energy : PHILADELPHIA GOLD AND SILVER INDEX: XAU
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To: Kenith Lee who wrote (14)12/4/1996 6:30:00 PM
From: Dan P   of 28
 
KL:

Interesting day today. Bullion was up 3 bucks in London, and was up
in NY as well, after being up only $1, finishing up $2.10 for for
as a precedent to a rise.

Another interesting item that I noted in Investor's Business
Daily, was the Market sentiment indicator: % bullish advisers.
It is now at 54.7%, and their trigger for a bearish signal is
55%!!

This may be the turning point: a significant correction in the
dow, concommitant with a rally in metals and precious metal shares.

Regards

Dan
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