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


To: Crimson Ghost who wrote (9110)3/31/1998 7:00:00 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 116762
 
George, gold forecaster updated: wavechart.com . The short, intermediate, and long term forecast is a buy. However, the short term buy is weakening.



To: Crimson Ghost who wrote (9110)3/31/1998 9:54:00 PM
From: Terry Rose  Respond to of 116762
 
George, I really thought Greenspan was going to raise interest rates today. His delay should be good for the gold market since it will allow inflationary pressures to continue to build and become embedded. I have posted before that he is taking a calculated risk in delaying a rate hike in order to help put out an even bigger fire that is blazing somewhere else. Most likely it is in Japan. Now that April 1st is finally here, I look for fireworks to come from that neck of the woods.

I hope the small cap play works out for you. As you have pointed out with the increased insider sales, Dow and S&P 500 stocks are in for a rough ride this quarter. After April 15, things should get very interesting.

I also look at Greenspan's inaction as a golden opportunity. I may just be able to add a little more gold assets to my inventory before it makes it's run.

Terry,