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To: John Pitera who wrote (11208)8/15/2000 4:03:09 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
John, note that the 97% bulls reading occurred at the MAy top - it's not that high now, though not too far away either.

btw, i forgot to mention another strong contrarian buy signal for gold - negative title stories in the non-financial press - we've had two of those in recent weeks (you know, the "gold is dead" type of stories). notoriously when the non-financial press finally picks up on a trend, the trend is usually close to reversing. in the same vein, the recent preponderance of POSITIVE magazine titles on biotech should make one a bit wary of that sector.