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To: Al Serrao who wrote (9204)12/5/2000 11:45:32 PM
From: PuddleGlum  Read Replies (2) | Respond to of 9427
 
Preston's always been negative on gold and energy, so I'll be very happy to make a call on this gold rally. Besides, I've called 5 or 6 out of the last 0 rallies, so I've got some experience here.

Seriously, I think gold is ready to move higher after a few days or a week respite from the rally we've had. I held SWC (Pd and Pt producer) thru this entire year, and have recently finally had some payback. But I plan to pick up some of the yellow metal (NEM or PDG) in a few days. The futures (Jan or Feb, I think) had a couple consecutive double top breakouts recently, which they haven't had in quite a long time.

Good luck. You know my track record here :-(

pg



To: Al Serrao who wrote (9204)12/17/2000 9:23:37 AM
From: wizzards wine  Read Replies (1) | Respond to of 9427
 
Hi Al, Sorry for the delay but I've not been following the SI board closely ;<(

Look at the following site for a P&F view of gold the-privateer.com

This chart shows that the last buy signal before the current on given in the past 2 weeks did not trigger the upward move so typical of the past. There are 2 other charts with differing scaling that have not given a buy signal yet at the same site.

Having said that, the chart seems a bit range bound.

Also take into consideration that the US government does not like gold prices going up too much as that indicates inflation....and we do not have any of that, do we????

My view is that we do have increasing inflation and are already in a recession... The fed will try to do what ever it can to soften the landing, but it's likely to late for any effecttive measures...

Just my view, and I could be wrong...but I've been saying this for months now and most of what I have been saying ios or has come true...

Happy Holidays to All

Preston