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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (3550)10/6/1998 8:00:00 PM
From: Jan Robert Wolansky  Read Replies (1) of 59879
 
Hi Mark, David Plonk, over on the Kahuna thread, likes gold as well.

Here's an excerpt from a note that he posted today:


" Gold and gold mining stocks are definitely in a bull market now, and should be added to portfolios as long term holdings. The Dollar has already fallen 10% in the last month, and should deteriorate further as our government prints money to bail out other governments, banks around the world, hedge funds around the world, corporations who can't pay their debts because they spent all their money buying back their overpriced stock...etc.,etc. ad nauseum.

As long at the XAU stays above that lower channel line (currently at 71.8), and gold above its lower channel line (currently at 294.3), goldbugs stand no chance of getting squashed. "

Regards, Jan
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