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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (9261)	6/16/2001 6:07:35 PM
From: yard_man	Respond to of 52237

perfect!

To: Arik T.G. who wrote (9261)	6/17/2001 7:41:38 AM
From: Rarebird	Respond to of 52237

The POG is churning quite a bit here. It is no longer comatose. The price is actually moving up and down with a nice degree of volatility. The POG is in a BULL market everywhere OUTSIDE the U.S.A. It is only a matter of time before a Bull Market in Gold gets established in the U.S. But it's going to be a fight every step of the way. The Process has already begun though. The money pumping of the Fed is signalling a breakout in the POG. The $4 drop on Friday has done no technical damage to the charts IMO. The only fundamental negative I see for Gold here is that the Euro is weakening as millions of Europeans are moving their hidden gains from Europe's cash economy into the temporary safety of the U.S. Dollar. This is being done to acquire additional wealth in the presence of Europe's ferocious tax rates. This will end by November/December, if not sooner. Europeans will then begin to exchange back into the Euro, the CASH Euro in 2002. Every other economic fundamental is quite bullish for Gold. This is why we are seeing a tremendous amount of churning and a tug of war developing. The eventual resolution is to the upside. I've been buying the dips and holding.