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

To: Bald Eagle who wrote (7508)	2/12/1998 12:58:00 PM
From: Mark Bartlett	Respond to of 116994

Wiseowl, <<That depends upon what time frame you are looking at. In the very long term, there is going to be much more upside than downside. In the relatively short term, you might be right.> Well, of course over the long-term the trend is always up - that is one of the basic tenets of the capitalistic process. I guess what I was saying, is we are much more likely to be entering a bear market period than the continuation of this bull market. I guess the question I ask myself is: where do I expect the market to be 1 year from now? For me, the answer is, lower than it is now. I see _no compelling reasons at the moment to believe otherwise. There will always be those "special situations" where _a stock will move counter to the trend - I hope that I have found those stocks. I will continue to view the _weakness in gold to support that belief. It has never failed over the last 8-10 months, when the DOW is at a critical phase, the POG is hit by ???? . It is IMHO the perfect _bear DOW indicator .... if gold began to rise slowly, there may be more room in the DOW - but as it stands now, IMO the DOW almost had it. MB