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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (15434)7/10/2002 3:20:32 AM
From: nspolar  Respond to of 36161
 
I don't know how many of you follow J. Kern. I do but certainly not religiously. His latest has some key comments, imho. Maybe I just think so, since my opinions have recently reflected his.

If you are a LT gold bull, enjoy.

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[Conclusion. If you are confident that the gold stocks are in a long-term bull, Friday marked the intermediate-term bottoming process. This bottoming process can only take up to 39-40 trading days from Friday. Since the bull case definitively requires a new 35-39 index buy signal within 40 days (note that "just happens" to fall on the day before the 3-day Labor Day weekend), the actual price bottom should occur between Friday and about 20 trading days from Friday. ...]

kitco.com