Gold Price Monitor 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 Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: goldsnow who wrote (14836)	7/23/1998 9:02:00 PM
From: Gabriela Neri	Read Replies (2) of 116762

We are coming towards the end of the gold bottoming period as forecast by McClelland. He has always forecast that between July 22-24 the XAU will take one final plunge before a significant rally ensues thereafter. Well, the XAU was down almost 2 points today, tomorrow is the 24th, and I suspect rather strongly that we will see a big rally in Gold shares real soon. We are about to be given some blessed redemption. One look at the advance decline line and you do not need to be a wizard to understand the massive amount of distribution and outright selling of equities taking place. Iam sure we will shortly make another attempt to take out the highs in the S&P and I suspect strongly that this attempt will fail. If it does, and we take out whatever lows this leg down ends at , the top is in and the equity market is toast. How far down and in what manner I one cant know. But, unless this market ramps itself up and takes out the highs by a wide margin, it is in serious danger of being topped out once it takes out these current lows it is putting in. Precious metals will begin to look a rather interesting alternative to some of the lemmings.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next