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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?


To: Clappy who wrote (995)3/12/2003 9:52:29 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 1210
 
Prechter has become a stooge to his own techniques
he fails miserably for a simple reason, Klappster

HE REGARDS GOLD AS AN INDUSTRIAL COMMODITY
he therefore ignores its role as capital sanctuary of extreme proportions

I dont know how he also misses the Commodities bull market
oil & gas lead the commercial side
gold (& silver?) lead the monetary side

Prechter's reputation will be badly tarnished in the next two years

a few weeks ago the gold chart struck me
A MASSIVE HEAD & SHOULDERS BULL PATTERN ENVELOPING A SMALLER HEAD & SHOULDERS BULL PATTERN

whether or not we have another little downmove on gold doesnt really interest me
it only interests those who are obsessed at capturing the ideal entry point, or the ideal buyback point
I leave that province to the obsessive/compulsive daytrader goombas

/ jim