Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Thomas C (Hijacked) who wrote (30667)	10/7/1998 6:57:00 PM
From: bobby beara	Read Replies (3) of 94695

TC, Monday could be black Monday??? $USD got smashed today. For those following the yellow brick road . . . gold and gold stocks have entered into a bull market ... however, if we do have a kahuna, gold stocks will pull back to cover margin calls from traders. Gold stocks are in a historical extreme overbought situation and the put/call ratio on gold stocks is way out of whack and lots of media attention. I checked GGO AND THERE IS NO OPEN INTEREST IN PUTS - zip zero nada. While there is a possibility of a technical breakout and a crash up, it's more likely that they will be pull back or stay range bound, there is strong support @ 78 and 72 on XAU. bb

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