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.

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

To: Gabriela Neri who wrote (8960)	3/28/1998 8:05:00 AM
From: Bearcatbob	Respond to of 116753

Sorry I was not awake enough to read more carefully the first time. Good luck to us all. Bob

To: Gabriela Neri who wrote (8960)	3/28/1998 12:26:00 PM
From: Little Joe	Respond to of 116753

Gabriella and all: I have had the chance to review my charts and spend a little time looking at gold. The most positive thing I am seeing is that the XAU is outperforming gold very significantly. In my experience this has always been the harbinger of a rally. Also, the XAU has broken out of a small (four month) base that goes back to December. The breakout is of course to the upside. This suggests a near term pullback possibly this week followed by a rally in the XAU to at least 90 and possibly as high as 109. The closer to 109 we get the better for the medium term. However gold has a 38 week cycle and a 114 week cycle both of which are due to top sometime in May. My best guess is a strong rally into the cycle tops in May, followed by significant weakness into the next bottom of the 38 week cycle. After this occurs we will have a better idea of whether gold is poised for a further up move soon. If the 38 week cycle bottoms and gives us a good rally, this will be very positive, If it does not it probably means that we will have to wait for the 114 week cycle to bottom before gold moves into a persistent uptrend. That probably means about one year of a trading market. Live long and prosper, Little joe