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


To: Louis V. Lambrecht who wrote (22306)11/24/2002 10:25:38 PM
From: nspolar  Read Replies (1) | Respond to of 36161
 
Louis, I happened to be off Friday and saw the spike, normally I wouldn't have. I immediately thought what the phock is going on here now? I had expected gold to fall another notch.

I agree on the dollar. I previously noted I thought maybe it has started an impulsive type EW sequence down, but this is yet to be confirmed. Confirmation should arrive soon and if positive I have a target of nearer 90.

stockcharts.com[l,a]waclyiay[df][pb50!b200][vc60][iUe12,26,9!Uh14,3]&pref=G

I have very mixed feelings about gold here as well. I've started accumulating again, but minimally I guess you could say. Basically sort of feel like we are in no mans land so to speak.

Not totally decided but if gold equities continue to drop, I may just keep adding little by little as they do. Imo the gold indexes aren't grossly over valued here.