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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: PAUL ROBERTSON who wrote (539)8/7/1998 12:03:00 PM
From: chevalier  Read Replies (1) of 81118
 
I haven't had time to look at the chart on gold, TVX but I just studied the PDG chart and have to question why you think this chart looks like a bankruptcy situation. I see a chart that is nearing a bottom as it is unlikely that the price will fall below $11 support. As well if the recent $15 price holds then a double bottom could be in place. If the next upswing takes out $22 then a breakout has occurred. While it is too early to speculate on a double bottom at $15 it isn't too early to surmise that if someone is a long term investor then buying PDG today would not be a bad idea as the price is maybe a couple of dollars from the bottom. I am using the Canadian chart if you are curious.
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