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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: double-plus-good who wrote (38718)	6/8/2000 5:19:00 PM
From: re3	Respond to of 42523

KAPLAN'S CORNER: QUESTION: Why do you think that gold is going to rally now? ANSWER: Even if the dollar had not recently made a major long-term top and commodities had not recently set a new two-year high, ordinary range trading dictates that gold is ready to at least retest the $330 area. Over the past couple of years gold has been bouncing back and forth between $250 and $350, with several round trips almost like clockwork. Gold dipped just below $270 spot on May 25 (the U.S. dollar had topped out on May 19), so with a normal cyclical bounce it should reach $330 by late summer 2000. In order for gold to break above $340 there will have to be either a continued slide in the U.S. dollar, a significant correction in the Nasdaq, or a renewed rise in commodities prices, all of which are possible, though none of which are certain. A significantly weaker dollar would enable gold to rally to about $377; a move above $380 would be extremely difficult without clear signs of a recession. Like the ocean waves, gold's chart will wax and wane, so any rally in the yellow metal is likely to be followed by a retracement below $300 several months later. ps, when poosh comes to shove, there was NO DANGER IN RANGER, ho ho :)

To: double-plus-good who wrote (38718)	6/8/2000 6:03:00 PM
From: pater tenebrarum	Respond to of 42523

++, unfortunately i didn't know DMN existed until today. you're right , it IS worth a look here. i did know about RGO, courtesy of Ike, but unfortunately didn't play. if it does go for 7-9 bucks it may be still worth it however. check out NCDI...thin clients firm in trouble recently. i bought a bunch, and i hear through the grapevine some major announcement is going to be made soon. after the earnings debacle last qu. management promised to explore 'strategic alternatives to enhance shareholder value'. i last sold that puppy at 9 bucks and bought back a fair chunk now at prices ranging from 1 5/8 - 2 1/2. i figure it could be good for a pop to 5 or perhaps even higher. i've no idea what happened to the chiefs...haven't even really checked the thread out yet today. i guess the market has induced a bout of bear frustration last week.