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To: crustyoldprospector who wrote (1587)3/1/2004 11:01:41 AM
From: nspolar  Read Replies (1) | Respond to of 60926
 
Several good points crusty.

The economic news this morning was not good imo. Are consumers starting to guard their wallets? Maybe so. Gotta happen at some point.

story.news.yahoo.com



To: crustyoldprospector who wrote (1587)3/1/2004 12:45:25 PM
From: NOW  Respond to of 60926
 
thanks for the thoughtful response. Yes, you have laid out the primary and secondary counts as I see them. I concur we could see a C up here in 4 coincding with more weakness in gold then starting later this month 5 of 5 down. We would then have 2 up, and it may or may not be a significant retrace. If the deflationary scenario captures the publics imagination, it will provide a dollar bounce and a sell off in gold IMO.


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