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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (2237)2/18/1998 3:07:00 PM
From: John Dally  Read Replies (3) | Respond to of 5676
 
Hi bobby b.!

I know nothing about gold, but have been fascinated by the fact that it is practically the only thing on (or in) earth which has declined in price over the last year. Now, when I look at a 1-year chart of ABX it looks real good, but, when I look at a 10-year chart it looks REAL BAD:

tscn.com

(Rather than a double bottom, it looks like it's undergoing a pull-back to the 4-year neckline at ~$21, before a multi-year decline into oblivion.)

Anyone have any other interpretations of this chart?

Best regards, John.