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.

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

To: John Dally who wrote (2238)	2/18/1998 3:16:00 PM
From: bobby beara	Respond to of 5676

Hi Johnny, thanks for bringing that chart to my attention. Looks to me we have a nice rounded top formation and just bounced of 15 long term support from 93 and we should have a snap back rally to 25-28 coming this year IMO. This chart tells me that Prechter's analysis of really cheap gold is a possibility and that after the snap back, Gold will continue to slide and we are in for big deflation - yikes. Because of the oversold panic sell-off going into December 8th, Gold miners are IMO the safest place to be long and have some real potential to get a Warren B type pop. (maybe it'll be a Soros pop for Gold -g-) bwdik

To: John Dally who wrote (2238)	2/18/1998 4:13:00 PM
From: Cage Rattler	Respond to of 5676

John: Because you asked for it -- looks like Barrick has paralleled the trend in gold price and demand. On a technical basis alone perhaps a dip below 15 in the near future might warrant a short-term position. Personally I would leave it alone. Barrick has it's foot prints all over developing/discovery mining companies, and is one of the alleged "big boys" that is allegedly looking into your favorite long-shot gold prospecting project. As I recall they were involved with BreX about this time last year. Also alleged sources had them interested the FGX gold assets about the same time -- FGX by the way is quite interesting in it's own right. Bottom line = gold demand. Saddam vis a vis Clinton on the short term. Ciao, Ted