Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: GOLDFINGER who wrote (6714)	1/25/1998 11:34:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 116759

To all: anyone have a volume chart on the XAU? Decreasing volume at this last sell-off would show the gold bears running out of steam. It looks like we are forming a head of a potential inverted head & shoulders pattern and about to break the neckline, if we have follow thru buying on Monday to 80+. If the pattern does play out we should have a pullback from there and retest December lows and another run maybe in mid/late Feb. chart4.bigcharts.com:80/report?r=qchart&onbad=qbadsymbol&hide=0&symb=xau&time=8&qchart.x=70&qchart.y=15&sid=3599&sec=x&xyz=391892282&s=6388 Comments?

To: GOLDFINGER who wrote (6714)	1/25/1998 1:34:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116759

Bobby: Frankly I am quite uncertain what gold will do next week, except that it will be EXTREMELY VOLATILE. But I am 90% certain the lows are in and a new SECULAR gold bull is being born. I have a substantial position in gold mutuals already and plan to buy a lot more on reactions. But far too early to chase strong rallies in my judgement. The best technicians at KITCO anticipate a rise to $315-320 in the near future followed by a steep reaction. If we get to these levels I will be exiting my position, looking to repurchase at lower prices.