Dutch Central Bank Sale Announcement Imminent? 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.

Politics : Dutch Central Bank Sale Announcement Imminent?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Murphy who wrote (2580)	12/13/1998 5:53:00 AM
From: sea_urchin	Read Replies (1) of 81063

Bill : Unfortunately for gold optimists, the technicals show clearly that the present phase of the gold price cycle is down. Perhaps, when the bottom has been tested in due course (maybe first quarter 1999), POG may rise to challenge $300 again --- but not for the forseeable future. digisys.net (1) Take your ruler and draw the "support" lines on the recent up-moves. Each attempt to rise has failed and the "support" has been breached. This is serious weakness. In fact, it's now possible to join each of the three peaks of 1998 in a downtrend. It will take some doing for this "resistance" line to be penetrated. (2) The stochastics, after making a "double top" in high territory, are now clearly heading south. Nothing bullish, whatsoever. Sorry for the lousy Christmas present!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next