Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Tom Byron who wrote (4268)	3/14/1999 6:52:00 PM
From: lorne	Read Replies (1) of 81050

You said >>> ANOTHER WEEKLY WARNING: Not for the faint of heart gold buggers. members.home.net The 19th week of the current 38 weeks cycle topped out the lst week of January, 1999. We now have 8 weeks under our belts since that top. We are into deep do-da as far as those two red lines are concerned. (the 38 and 114 weeks cycle lines) I believe the normal short term correction that is always a part of the up part of the 19 weeks cycle and also applied to the down part of the 19 weeks cycle is completed. We are nearing the big break downwards. Hardhats in place, ladies and gentlemen...(.^.) guru tom @ standing on his head. Comments guru tom >>>Nick Goodwin: Well the level most recent was $290. It's gone through that, that's where the 200 day moving average is at. That's a very important level, in fact world-wide they would watch that level. Also the moving average is actually flattening now and I think if the price moves a bit it could start picking up, which would indicate a major break on the gold price. Then the next resistance was $293,30 which it's actually been through, we've been above $294 and it's sort of come back now, and thereafter it's $298 and then $305. If we can get to $305 it will go to about $315 and that will really push the shares substantially. But the pattern that the gold price has formed in the last year is very encouraging. It's actually a reverse head-and-shoulders for those technical analysts who understand that, in that you had a low in January and then you had a point lower than that about in August, and now a point higher. So that pattern is actually very positive I would say for the gold price. moneyweb.co.za

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