STOCK MARKET CRASH....CONTEST! Message Board

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Gold/Mining/Energy : STOCK MARKET CRASH....CONTEST!

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To: Alan Whirlwind who wrote (151)	7/24/1998 10:40:00 PM
From: Bo Bob Brain	Read Replies (1) of 163

Silver reversed down today despite declining inventories over the past two days and rumors of more purchases by Uncle Warren. It sounds like a broken record, but when a market fails to move on bullish news, expect that market to be under pressure. Still look for gold to test $285.70 , and silver $4.92. Don't see any reason for gold and silver to rally...yet. Expect more volatility in the stock market, could have a temporary sharp rally starting Monday to go with a steep decline in the metals. Still a high bullish sentiment in stocks. The stock rally will be short lived as we should hit Dow 8000 in August or September. Should see short term stability in the dollar vs. the yen. Traders ignore the fact that the Japanese Prime Minister has little power, and no major structural changes will happen in Japan under the current regime. They act as a group. The opinions of one man mean nothing. They don't feel that the situation is critical enough for them to act. Japan will only turn around when new younger leaders are in power.

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