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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (9302)7/3/2002 6:12:54 PM
From: The Vet  Respond to of 16631
 
<Thanks for publishing but you really think this guy is that good?>

No! If he was any good he wouldn't have to tout for clients for his service.

However after saying that I like to read all opinions and try to understand their logic. The market is directed by a confluence of a huge variety of ideas and opinions. The more you examine the better overall view you have IMO.

< He also said that the Naz would bottom at 1460 and a rally would start. Hasn't happened, even though it wasn't a bad guess, I suppose. >

Actually I thought that wasn't too bad; providing the rally starts right now. His little sketch showed it starting in early July and he could be forgiven for being a little optimistic on the low.. I think we all were....

< I'm not positive Gold will hold $300, are you? > No Dave I'm not positive, but I do believe that if it does break $300 it will be a very brief visit... The US dollar has done a small bounce in the past couple of days which has capped gold but for gold to get below $300 the US dollar has to get back to at least 112 and that seems unlikely IMO.

The US treasury doesn't like it in free fall but they don't want to see it over 108 either....