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

To: bobby beara who wrote (8467)	3/18/1998 2:14:00 PM
From: Tom Byron	Respond to of 116805

bobby: Last I looked, the xau was hanging around that 72.50 support area. :)) I'm always looking for "strength" in the xau and gold markets. If we have started a new bull market in the gold shares as of January 12, 1998 and we are in the up part of the 38 weeks cycle, what one can predict with some confidence is that we will see a stream of news which will be positive for gold and the gold share. I can not predict what the specific news will be about, only that whatever it is, it will be bullish for gold at this stage of the cycle. What I am trying to say, is that the cycles (up or down) tell you the nature of the news coming down the pipelines. (good or bad) I try not to be influenced by news (but I do need something to read at the coffe houses.:)

To: bobby beara who wrote (8467)	3/18/1998 2:21:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116805

Tom - can you please give me the name of the site you started on gold trends - and to which I have posted occasionally? I deleted it by mistake from my 'bookmarks'

To: bobby beara who wrote (8467)	3/18/1998 4:07:00 PM
From: gregor	Read Replies (1) \| Respond to of 116805

Bobby: It looks like I had a pretty good day. Oil was up over a dollar today, and just this morning I got in when it was up 24 cents.( for a few very profitable day trades)There is a tremendous amount of short interest out there that covered today. I'm thinking that the rebound will take three or four weeks to work out; before a sustained rise can solidify. Which brings us to gold. I just have this feeling that the short interest in gold is going to get a little skittish when they see the damage done in the oil patch today; so I doubled up my gold holdings( bought ABX) today just on the theory that having been down today and seeing the carnage done to the short interest in the oil patch gold will have a very good day tomorrow. We 'll see if my theory "pans" out. If it doesn't I'm pretty much into cash these days; so I'll just be patient and wait for gold to rise. ( Sold my NMGC at a nice profit-- that's it for the tech sector for awhile, at least for me. ) Oil and gold are looking safer all the time ; and that is the direction I am heading. Have a great day..gregor