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To: Crimson Ghost who wrote (47637)7/9/1999 12:19:00 PM
From: Gary Burton  Read Replies (2) | Respond to of 95453
 
re Gold--fwiw--Prechter's long term monthly EW count is telling him that the ultimate low will be either 181ish or 112ish and he says all rallies will fail until it at least breaks 200. Say what you want about Prechter's calls on the DJIA, he has been very right about gold for some time now. Largely for that reason, I am not interested in gold stocks unless and until we see sub-200 gold. If it bases at 250ish, fine so it goes up without me.