Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: yu who wrote (24062)	6/2/2000 7:36:00 PM
From: Follies	Read Replies (1) \| Respond to of 42787

I wonder did this happen before black Monday or after. Was gold moving up in 1987 a warning of the upcoming crash, or a result of the crash? Interesting question. Gold rallied into Oct and continued through to Dec of 87 at 486, a price not seen since!! Gold bottomed in Feb of 1985 at 298, moved up rapidly Jul to Oct of 1986 at 423, pulled back to 391 by Dec of 1986 and then here is 1987 1/87 409 2/87 401 3/87 409 4/87 439 5/87 461 6/87 449 7/87 451 8/87 451 9/87 459 10/87 465 11/87 468 12/87 486 <---- 13 Year High!! (held for 13 years)

To: yu who wrote (24062)	6/2/2000 8:59:00 PM
From: bobby beara	Respond to of 42787

yu, in 1987, commodities and rates were rising right into the top in 1987, the xau topped and crashed with the rest in 1987, as did rates. this market is not at all 1987, but historical references always offer some rhymes. there is a tremendous short overhang in the gold market and the xau has reached in the last couple of months a couple of oversold readings on several indicators that have only been reached at major bottoms in the last 20 years, at minimum a really nice bear market rally is very overdue. the reason i have indicated that a new high is due in nasdaq is that i now am agreeing with tradingtech's call that the top in march was a wave 3 top from the 1998 lows. In March we had something like 500 new highs near the top in early march, the next top i would look for probably under a 100 new highs, to make a bearish non=confirmation. b