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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (9765)	4/15/2003 5:22:34 AM
From: crustyoldprospector	Read Replies (2) \| Respond to of 39344

Hi jims, An up move in the DOW would be the spark for a mini-collapse in gold, IMO. However, the bet that the dollar tanks and gold goes up seems more likely: quotes.ino.com As the chart above shows, counting from the most recent dollar high at 120, we are in the process of completing a 4th wave in the dollar downdraft. Wave 5 should bring it to the 95 area. Probably, that move will happen soon, because the triangle (continuation pattern) that has formed since the Mar 10 low is about to complete: quotes.ino.com IMO May will not bring flowers to the US$. Regards, crusty

To: jimsioi who wrote (9765)	4/15/2003 6:00:44 AM
From: crustyoldprospector	Respond to of 39344

jims, more charts: Check out the triangle compressing on the SP:VIX since Mar 2002: stockcharts.com[w,a]wallyyay[de][pf][vc60]&pref=G That suggests a major turning point in the market dead ahead (June?). IMHO, the ultimate turn will be up (cyclical bull within the secular bear market), but that turn only comes after a final and bloody wash-out. On a shorter time frame, look at Put:Call (chart by ajtj at ttp://www.investorshub.com/boards/read_msg.asp?message_id=921487) stockcharts.com[h,a]daclyyay[dc][pc10!d20,2!f][vc60][ilb14!la12,26,9!lg!lp14,3,3!lk14][j6967175,y]&listNum=1 A yo-yo move dead ahead looks increasingly likely. Sto's suggest the initial move will be up.