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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (58078)	9/12/2000 12:50:46 AM
From: Little Joe	Read Replies (1) \| Respond to of 116756

TA: Are you referring to the August double bottom? That is all I see. It has just completed and projects to about 60 which is near the top of the overhead conjestion. Surely you do not think this is evidence of a major bottom. If on the other hand the double bottom you allude to is the September 99 low and the recent August low, this is not yet a double bottom, at least according to Edwards and Magee. It would take a close around 91 to put in that double bottom which would project a rally to 125. At least that is the way I read the chart. There was a high degree of nonconfirmance in many of the important gold stocks at this last bottom, so maybe something is coming. My gut is that we will need a lot of consolidation between current prices and 70 before much of a rally will occur. O.K. all you gold bulls, I have stated my position. It is probably safe to mortgage the house to buy gold. I am a great contrary indicator. Live long and prosper, Little joe Live long and prosper, Little joe

To: TATRADER who wrote (58078)	9/12/2000 8:41:50 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 116756

Mark, <<some world crisis>> What world crisis? That's your fathers gold. Can you eat it, or use it as fuel in your car? The world is moving off gold as money, get used to it. Your XAU (gold part) charts only have some value for trades between shorting and covering of that useless metal. The only reason that PGMs have good value is the because of industrial uses, people need it. There's enough old gold in bank vaults to produce all the wedding rings the world needs for many many years, even with a 50% divorce rate. LOL Invest in metals that the world needs and uses in industrial process, like copper.