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


To: Gabriela Neri who wrote (8612)3/20/1998 6:28:00 PM
From: Don S.Boller  Read Replies (1) | Respond to of 116762
 
Gabriela: Just a quick question......................
Do you still have your florida swampland?
(mean no harm)
Have a nice weekend.
Don
(p.s. sometimes things are "cheap for reasons not
readily obvious)



To: Gabriela Neri who wrote (8612)3/20/1998 6:33:00 PM
From: bobby beara  Read Replies (1) | Respond to of 116762
 
Hi Gabriela you and the rest of the thread are about the smartest money there is.

>>>I know this sounds like I'm nuts, I kind of think the dow could see 6000 sometime this year<<<<

My number is 5300 by early summer. Remember Denver won the Superbowl, all the BULLS have forgotten that -g-

CHECK THIS OUT!

XAU MASSIVE HEAD & SHOULDERS REVERSAL PATTERN

Gold is going to CRASH UP within 2 months.

iqc.com

Copy the above chart and flip it 180 degrees and rotate 180 degrees and you can see the shoulder made in 1997 and the head we are in the process in completing.

(note I am describing this chart as if it were upside down) Head and Shoulders patterns of this magnitude (note vertical nature and length of head and neck) do not form rounded tops. The first dip is bought and bid back up before the final crash. I feel we are in the first dip down and next week we will complete the first dip to 79-84 area. That spike will resolve in a suckers rally (bear suckers in this case) to a possible double top at 62 before crashing or a 50% retracement to 73 before crashing. (I'm leaning toward the latter)

XAU TARGET PRICE 150 by early summer.

Compare these charts.

lowrisk.com

We're not in Kansas anymore folks! Make sure and get some non confiscatible physical gold and silver.

bobby



To: Gabriela Neri who wrote (8612)3/20/1998 11:10:00 PM
From: Terry Rose  Read Replies (1) | Respond to of 116762
 
Gabriela, I think 6000 on the Dow is a good target for downside risk this year, with the major downturn occurring in October. There are some interesting parallels to 1987 which are starting to occur ie. the huge and increasing trade deficit numbers is one. Now if the price of gold starts to climb and the Federal Reserve raises interest rates that will be two more parallels and things will get very interesting.

I also think the Fed is currently signally a raise in rates, and the
last hourly wage increase reported on March 6th has brought them to an impasse. Either they raise rates and cool the economy down, or they remain neutral and inflation becomes harder to hide and the rise in the price of gold signals it's rebirth.

This simplification of where things are going is the essence of my trading plan. I am long gold in stocks that are heavily leveraged to the price of gold. They should go up in value with inflation. I am also short U.S. banking giant stocks in the form of leap puts. They should get trashed if the Fed is serious about controlling inflation by finally raising interest rates.

This plan gives me one year for this to play out. If by some miracle the U.S. stock market goes up or breaks even, I will reload my leap puts next year. I will then let the year 2000 fiasco finish off the stock market.

Terry,