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


To: Tom Byron who wrote (9184)4/2/1998 2:40:00 PM
From: bobby beara  Read Replies (1) | Respond to of 116759
 
Hi Tom, want to look at those charts in a while, but thought I'd let you know I just bought a few yhoo puts for fun. From my analysis, this is a fifth wave blow-off on about half the volume of the recent peak of a couple of weeks ago.

no guarantees from the management.

bb

Need POG to break 306.8, for this xau rally to continue.



To: Tom Byron who wrote (9184)4/2/1998 7:49:00 PM
From: paul ross  Read Replies (3) | Respond to of 116759
 
Great charts, Tom. Been looking for this for quite a while. To me, this chart says it all:

bos.business.uab.edu

Also, I have been meaning to ask you what time periods you use for moving averages,RSI,stochastics, ADX,CCI, and Bollinger Bands on your gold and XAU charts (I don't know that you use all those indicators).

Thanks very much.

PR



To: Tom Byron who wrote (9184)4/2/1998 11:14:00 PM
From: bobby beara  Read Replies (5) | Respond to of 116759
 
Tom, that money supply chart is just a scary as YHOO chart. Gold has decoupled from both N225 and Dollar, very bullish.

We have Asia, part II unfolding, but the equity market for now is ignoring it. Major divergence. Many t/a'ers are saying the A/D line is to strong for the market to collapse now. Yes, but they are ignoring the Asian a/d line, which has stunk up the place for almost 9 months now (about the time that the a/d line in 87 and 29 were in a down trend)

Equity blow-off should be fueled by foreign money looking for a home and safety thru rising dollar - Gold should get it's share also! Shouldn't the mother of all market peaks have every index at new highs? even the lowly precious metals.

Don't forget mom and pop speculator, taking cash advances on their credit cards to buy Yhoo (up 62% for March) & DELL, because this market is "SAFE" and only goes up. I know a few that are doing just this.

IMHO we are within just a few weeks away of a major market peak (from my estimates end of April, Dow 9700 - 10,300 area) and I feel Gold will crash-up, as this worldwide FIATsco falls apart.

beara sez, April 1st will be called Greater Fools Day from this time hence.

pray a lot,
I think, I'm right