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To: Lucretius who wrote (43740)10/24/1999 10:18:00 PM
From: Jim McMannis  Read Replies (1) | Respond to of 116763
 
LT,
I use a lot of charts and it looks like we're close to a buy signal. I guess I use different charts.
Actually, I'm shocked that Hutch would make such a long term prediction seeing as he's too short term a trader for the average goldbug here.

Jim



To: Lucretius who wrote (43740)10/24/1999 10:49:00 PM
From: Richnorth  Read Replies (1) | Respond to of 116763
 
Hutch predicted on the Nostradamus thread that China would devalue her Yuan on 11th August 1999. But no devaluation occurred on that day and he kept quiet about it!

I think Hutch will be wrong again! This is 1999, not 1998!

Hutch was "right" in 1998 but rather fortuitously. In hindsight, when there was such a concerted effort to drive the POG down, no wonder he was soooo right!

A friend of mine reported to me what he read in a highly influential international newsletter:-

.......But gold genie is out of bottle, and aside from setbacks, it's unlikely the gold bull market can be stopped. As a chartist I note, basis London PM fix, a pullback to 289.15 would be 50% normal technical retracement of recent upswing and a great buy-more spot. But you would have to place orders now, not after the event. Traders hope for pullback to 300-310. One day soon you will wake up to a $100 overnight rise, so don't be naked out. Producer buy-backs are coming...........etc., etc.



To: Lucretius who wrote (43740)10/24/1999 11:44:00 PM
From: Zardoz  Read Replies (1) | Respond to of 116763
 
Actually, Lucretius my idiomorphic bear friend, you are the epitome of a contrarian indicator. And every time you spout your trash of me, it only proves that my comments are correct.

Sunday, Oct 3 1999 12:11PM #reply-11431419
DOW down 600 is but a scratch... in order to have a true BLACK day, the DOW must lose 2000+. Gold's rally of last week already confirms that 8500 is in the cards... should gold rally further as i believe it will.... DOW will go LOWER
DOW will see 5000, bond 7%, and gold 425 before the end of the yr.... count on it.


Sunday, Oct 3 1999 12:19PM ET #reply-11431451
i doubt it.. it will move very fast and trap many idiots. chart clowns like him will cover when it hits a new alltime high as it appears everything is going to collapse in disaster and catch the top of this move at 35-40. i bet he'll even go long right there and get whacked on both sides of the trade.. ho ho

members.home.net

Well gold hit it's max on Oct 5/99 only 2 days after his speech. XAU hit it's max on Oct 5 at 90.28... and let me see Dow 10K+ bond 6.36% and well gold now in the dumper. Well I guess the DOW fell upwards last week? and that $425 is just a pipe dream. So what my friend are you smoking, and didn't your parents say share?

Hutch
Everytime you write about me, Gold goes down. You're a funny person, but hardly should you be taken seriously. You aren't a worthy opponent.