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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: Bob Dobbs who wrote (26395)	1/18/1999 8:44:00 AM
From: Little Joe	Read Replies (1) of 116874

Bob: I subscribe to Weiss and his scenario is possible, I guess. I think the most prudent course is to watch the charts of gold. It is almost impossible to go wrong if you don't deceive yourself. For example, it is possible that gold and a lot of gold stocks are making a Head and Shoulders bottom. It is also possible that the formation will not complete and if that is the case, gold will either continue in its trading range or make a new low. My strategy is to watch for the breakout. If it is to the upside, the H&S resolves in favor of the bulls and I get in. Not at the very bottom but near the bottom. IF it resolves to the downside, I stay out. As long as it remains in the trading range I watch and listen and let others make the predictions. Live long and prosper, Little joe

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