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

To: Crimson Ghost who wrote (6808)	1/27/1998 10:39:00 AM
From: bobby beara	Respond to of 116927

Hi George, I been mulling over this reversal of an 18 year trend a little more. >>>I too am expecting a pullback, but probably to $290, not $280.I am not buying puts, but am postponing additional purchases.<<< This flannel and coverall straw man filled with a sack of grain has been goin before the great and mighty oz and has been askin for a brain and here is what I came up with. There is a great possibility that we will see a 6-9 month consolidation phase to resolve the Gold Bear of eighteen years. Look at the Dow, which peaked in August and has yet to give up the ghost. There is a real possibility of a triple/triple top with three head and shoulder pattern reversals, with the middle top going as low as 268 (my guess -g- bwdik). If this happens, it would be marked by a significant news story of mine closure/bankruptcy or ? -bwdik- We instant gratification 90's types are expecting to much too fast - I've been learning mucho patience since becoming a bear in mid June -g- Just like Marshall in 48, we'll have our nuggets in hand, before the SF Examiner prints RUSH, and everybody follows us down the yellow brick road -g- bobby