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To: Lucretius who wrote (8549)8/3/2000 5:17:54 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
if gold falls further, i fear cos. like KGC and ECO will go bankrupt. there are probably more potential bankruptcy candidates...either the PoG soon makes a move, or it's curtains for the weaker players. i'm considering dumping all but the highest quality stuff...many are in a financially shaky condition by now, and i fear they will hedge at exactly the wrong moment, and get wiped out completely if we ever see a rally....



To: Lucretius who wrote (8549)8/3/2000 5:37:53 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
check the utilities...another new all time high..they lead.

also the candles on NAZ and NDX look extremely bullish...if we don't continue to rally from here i'd be very surprised.

just checked the Nikkei daily chart from '90 for comparison...it never had a reversal day like today.

also the XAU candle is a bearish engulfing, the exact opposite of the NAZ candles...looks totally hopeless.