SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Robert McHale who wrote (23370)8/18/1999 9:46:00 PM
From: Benkea  Respond to of 99985
 
"Any comments on gold?"

I am hearing the tanko was due to the announcement of no strike is SA.

Here are a couple of charts:

securitytrader.com

securitytrader.com

The tanko pretty much stopped on the 200 day, but the volume was not encouraging for the longs.



To: Robert McHale who wrote (23370)8/18/1999 10:19:00 PM
From: James Strauss  Respond to of 99985
 
Robert:

There is less probability of that third rate hike in Sept or Oct happening... The CPI, PPI, and ECI in the next month or so will dictate what the FED does... So far these indicators have been tame... As for gold... I don't look for any sustained rallies in the current deflationary atmosphere...

Jim