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To: Charles Macdonald who wrote (88186)2/27/2001 10:28:55 AM
From: isopatch  Read Replies (2) | Respond to of 95453
 
Thx Charles. Very Interesting stuff.

One of my friends from the thread called me last night and we were talking, among other things, about gold.

Think it's of bullish significance that gold began this rally in spite of the US buck also moving up.

On the charts, he pointed out that the US$ chart looks like it's finishing the right shoulder of a H&S. While we both noted the giant falling wedge in the gold chart looks like it's breaking out to the upside, after a good head fake down.

IMHO this isn't just another wiggle or a dead count bounce in gold. It's a serious, tradable rally. And maybe a major one.

What are your long positions at this point?

Isopatch