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

To: bobby beara who wrote (27762)	9/28/1999 8:38:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

bobby: I made a note here that bullish sentiment on the US dollar was 93% on 7/7/99 (almost the EXACT top): decisionpoint.com On that same day bullish sentiment was 13% for gold (almost the EXACT bottom): decisionpoint.com The above was probably 50% of my reason for going long gold on 7/7 and adding around 7/15/99, 25% was the cost of production vs. spot, another 25% was the "gold is dead" and "twenty year low" talk along with $150 predictions for spot. Sentiment is a terrific contrarion indicator.