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

To: loantech who wrote (13229)6/29/2003 11:40:32 PM
From: gold$10k  Respond to of 39344
 
Tom,

Personally I no longer use Elliot Wave, but this guy's view is not so different from mine... either XAU goes up from here or it goes down. <g> According to my PF allocation, I'm only 43% bullish, whereas he gives similar probability to the two alternatives. I lean more to the bearish side because the gold shares market of the past 4 years has programmed me to maintain a healthy disbelief. Besides, if we get my alternate scenario of a triangle before breakout, then there will likely still be opportunities to add to my position at not much higher prices but decreasing risk as the triangle pattern reveals itself.

vt



To: loantech who wrote (13229)6/29/2003 11:49:10 PM
From: LLCF  Read Replies (2) | Respond to of 39344
 
Gold must be getting ready for a monsta rally cause I'm even getting freakin bearish! -1/2GG-

I still think the most bullish scenario is continued economic weakness forcing the fed to buy assets. But does gold do the "Prechter Tango" before the good stuff??

DAK


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