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To: re3 who wrote (64277)9/26/1999 11:01:00 PM
From: Terry Whitman  Read Replies (1) | Respond to of 86076
 
I was just thinkin the same thing. My buddy (JK from 'The Road') and I were talking last week and I told him I had just made a nice sum in gold shares the day before. He said- GOLD? It's still below 300.

I told him that gold had likely bottomed. The shares lead the metal, and will climb much faster. He asked me why I thought it had bottomed. I told him that British commoners had recently been selling their family jewelry out of fear of further losses. That signaled capitulation in the metal to me. There's no one left to sell when the public has cashed in theirs. Also the charts have signaled a bullish bias. BWTHDIK

May have to give him a call tomorrow. <g>