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


To: PaulM who wrote (9214)4/3/1998 10:04:00 AM
From: bobby beara  Read Replies (1) | Respond to of 116762
 
Hi Paul, agreed the gold bull has now begun in earnest and Japan needs plenty. BEARA SEZS BUY ANY DIP IN GOLD AND THE XAU (beara has been catching a high hard called strike 3 and throwin the runner out at 2nd lately -g-). Carpe diem. "Make it Count" My inverse h&s formation call I made a couple of weeks ago stands stronger everyday.

I have developed some new XAU wave counts that I will go thru in-depth later today, but want to through them roughly now.

In Elliott Wave Three is called a recognition wave, where the public becomes aware.

I'm calling the wave that ended August 6th, a third wave where JQ Public became aware that the market only goes up. Since then you have heard the comments "it's the individual investor who has bought every dip and bouyed the market", while investment professionals have been selling.

I'm calling the Jan/Feb spike in the XAU a recognition wave 3, where the Warren Buffett news came out and the public became aware.

I have changed the current move to a Wave 3 move, and if I'm right this move will have dips, but will go for quite some time. This will be a recognition wave, where JQ Public will become aware the need to own XAU and physical metals. Some investment professionals are just now awakening to the fact that the XAU has outperformed the Dow for the year.

Pray a lot and get some physical gold & silver,
Rocky roads ahead

bwdik
bb