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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.90

+0.9%

Nov 18 4:00 PM EST

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To: Little Joe who wrote (25956)	1/11/1999 9:59:00 PM
From: bobby beara	Read Replies (1) of 116762

LJ, money flow into gold stocks has seen rising highs and lows as the indexes have seen lower highs and lows thru 98. The gold stock a/d line has been in a two year base, while the gold stocks have been in a one year base. THIS IS ACCUMULATION. My favorite chart to express this by is the dROOY chart. look a the weekly chart and this incredible base being built with mega volume on uptrends and light volume on downtrends. as soon as we break trend we goin we goin we goin. We are at the turnup of the end of the Great Depression of Gold stocks, all of the excesses of 1980 have been purged. Commodities (hard assets) will be the next bull market and paper assets began a bear market in 1997. Basis the CRB, Gold made a higher low in December. Gold has a high relative strength versus the CRB, this will be the commodity that will return the most for your $.

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