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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (18334)	6/23/1999 7:01:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Haim, you're right. as i remarked in a previous post, it is no coincidence that the nikkei and crude are going up in unison. in fact i expect much higher oil prices in the not-too-distant future, as both the supply and demand side of the equation continue to improve and continue to be over/under-estimated by the 'experts' (remember the 600m. 'missing' bbl's of crude? - ha!). demand for gold is already surpassing all previous estimates, especially in the U.S. market. add asia to that and you have the ingredients for an explosive move. the gold market notoriously focuses on the supply side of things, but it seems to me that the news on this front can hardly get any worse than they already are. what happens when things can't get any worse is usually that they start getting better. chart-wise i wouldn't exclude the possibility of a final 'desperation' downmove as the last bulls capitulate. but please take a look at this: tfc-charts.w2d.com surely a mistake, but perhaps an omen? regards, hb